Chinese currency goes international in first yuan-based cross-border commercial loan

The first yuan-based cross-border commercial loan was recently completed in Brazil marking a major step toward the internationalization of the Chinese currency. A Chinese company that operates a major hydropower plant in Brazil was the recipient. Paulo Cabral reports from Brazil. Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.