Your contact for new licenses
An important step in a growing trend: In Brazil, more trade deals are being settled in yuan than in euro. Now, the country also wants to adopt the Chinese international payment system. This is by no means a solo effort by President Lula. The yuan is also gaining influence in other parts of the world.
By Frank Sieren
With huge discounts, auto manufacturers are currently vying for customers in the Chinese market. European brands are still holding back but becoming increasingly nervous. Market shares are at stake.
By Christian Domke Seidel