China and Brazil successfully completed the first RMB cross-border settlement recently. Bank of China processed all the formalities required by local regulations in just three days and allocated millions of RMB into the accounts of Chinese enterprises in Brazil. The success of cross-border settlement further expanded Sino-Brazil strategic partnership and enriched bilateral cooperation.
During the talks in the resort city of Hua Hin, Thailand, Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh agreed that the two countries should forge a strategic partnership to maintain regional peace and stability, achieve the goal of common development and harmonious prosperity.
Thanks to joint efforts of Chinese and American military leaders, China's Central Military Commission (CMS) Vice-Chairman Xu Caihou's visit to the United States has laden with positive, fruitful results.
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