Loading...
Market
Will Brazil-China trade volume increase by 10% by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Trade reports from Brazilian and Chinese trade departments or international trade organizations
Story
BNDES Signs RMB 5 Billion Loan with China During Xi's Visit
Nov 21, 2024, 10:02 AM
The Brazilian Development Bank (BNDES) has signed a historic loan agreement with the China Development Bank (CDB), marking the first time BNDES has borrowed in Chinese currency. The loan, valued at RMB 5 billion (approximately R$ 4 billion), was formalized during the visit of Chinese President Xi Jinping to Brazil. This financial cooperation aims to enhance bilateral trade between Brazil and China, leveraging local currency transactions, a topic discussed at the BRICS summit. Additionally, Brazil and China have signed 37 agreements to further their cooperation.
View original story
Similar markets
Yes • 50%
No • 50%
Soybeans • 25%
Iron ore • 25%
Meat • 25%
Other • 25%
Agriculture • 25%
Technology • 25%
Energy • 25%
Infrastructure • 25%
Agriculture • 25%
Infrastructure • 25%
Electronics • 25%
Automotive • 25%