The Financial Power of China and the Internationalization of its Currency

Abstract

This article aims to present the main issues about China's economic growth and the internationalization of its currency - the Renminbi (RMB), as well as the financial and economic instruments used by China for this purpose not only around the world but also in the countries of South America. Finally, it assesses Brazil's foreign policy concerning China's economic and monetary expansion strategy, concluding that Brazil and South America, in general, do not have any economic and political strategy to deal with the Chinese monetary expansion.