Unique Chinese insights on the China-Brazil trade settlement agreement and de-dollarization

A wave of publicity about “de-dollarization” has hit us. Brazil announced an agreement with China to move away from using the U.S. dollar as an intermediary currency. Brazil, Iran, UAE, Saudi Arabia, India, Singapore, Venezuela, Turkey, Indonesia ...... China claims that more than thirty countries are now gradually switching to the Chinese currency Renminbi in trade and investments. But what do the Chinese really say about their country’s agreement with Brazil and renminbi globalization? Nobody knows the renminbi's prospect and the dollar's value better than the Chinese!

-How did the “de-dollarization” come about?

 -The essence of the China-Brazil agreement

 -What do the Chinese say about “de-dollarization”?

 -Is there a currency that can replace the dollar?