Brazilian President Luiz Inacio Lula da Silva arrived! Trade between China and the West settled in national currencies

Apr 19, 2023 | News

On April 12, Beijing time, Brazilian President Luiz Inacio Lula da Silva and his entourage arrived in Shanghai for a state visit to China. This is Lula’s fifth visit to China, his third state visit to China, and his first visit to an extra-territorial country since he took office as President of Brazil in January this year. For Lula’s visit to China, Brazilian circles have praised and agreed that China and Brazil, as the largest developing countries in the eastern and western hemispheres respectively, are expected to cooperate more extensively in areas such as trade, investment, re-industrialization, energy transition, climate change, and global peace and security.


On April 15, Brazilian President Lula concluded a three-day intensive state visit to China, where he visited Shanghai and Beijing, the BRICS-sponsored New Development Bank and the Huawei Shanghai Institute, and met with Chinese leaders Xi Jinping, Li Qiang and Zhao Leji. The signal given by the visit is that cooperation between Brazil and China, in the three areas of science and technology, finance and international order, has been strengthened, all of which show an implication of bypassing the US-dominated system.

Prior to Lula’s visit to China, on March 29, China and Brazil announced a new agreement that trade between the two countries would be settled in their national currencies and that the US dollar would no longer be used as an intermediary. By the end of the first quarter of this year, the NDB had provided 21.5% of its total investment in the local currencies of its member countries. The NDB, commonly known as the BRICS Bank, is an international financial institution established at the initiative of the BRICS countries. The members of the BRICS organization (Brazil, Russia, India, China and South Africa) claim that the purpose of the BRICS Development Bank is to facilitate mutual settlement and lending between the BRICS countries, so as to alleviate their reliance on the US dollar and the euro and effectively guarantee the flow of funds and trade among the member countries.

new development bank

As an export-oriented leader, JIAYUE has customers from all over the country and exports to more than 70 countries, export regions and countries including Europe, USA, Southeast Asia, India, Korea, Tanzania, Ghana, Kazakhstan, Chile, etc. In the meantime, every month we export more than 80*40HQ containers steadily all over the world.After the trade currency is changed to Renminbi, it is believed that the trade between China and Brazil will be smoother. Jiayue, as a foreign trade exporter with 10 years’ experience in sanitary products, also hopes to enter the Brazilian market, to meet more Brazilian friends, and to let more Brazilian babies and elderly people use the diapers produced by Jiayue.

Jiayue supply the baby diapers, adult diapers, wet wipes, dry wipes, sanitary napkins, underpad, pet diapers, and related raw materials, as well as OEM and ODM customization services,our own brand–Yibero is also going overseas.Over the years, JIAYUE has continued to provide one-stop diaper sourcing service solutions for domestic and international customers, and keeps delivering stable and high quality products. JIAYUE understands that quality is the most critical element for product sales growth, so it has been very strict in controlling each batch of shipment and recording the production parameters to control the stability of the products.Jiayue Sanitary Products hopes to join hands with Brazilian customers to open up the Brazilian market and go to the world.Looking forward to your cooperation.