China and Brazil agreed on Tuesday to exchange the equivalent of $30 billion in each other's money, if that is the case, the rapid growth of the business relationship will not suffer if a new banking crisis caused the dollar to trade financing dried up.
Bric countries prior to the start of the summit in durban, South Africa signed a three-year agreement, by the two largest economies, the emerging powers group, marks a step change in long-term dominant American and European global trade flows.
Brazil, Russia, India, China and South Africa together account for one 5 of global GDP, but has been trying to get their economic weight in the international arena of political influence.
"Our interest is to build new relations with China, expand under the condition of the financial market turmoil, to use the relationship," the Brazilian central bank President alexandre Tombini, told reporters, after being signed.
Brazil's economy minister, guido mantega, described the agreement, called the bilateral currency swap agreements, as an "umbrella" agreements, but he did not say what specific field or category of trade will be affected.
Brazil is rich in mineral resources and has helped to promote China's industrial growth and the agricultural products to feed its own people, and the returns brought in a new era of prosperity, the giant of Latin America.
Last year, bilateral trade amounted to about $75 dollars. Brazil's $4.12 billion in exports to China accounted for 34% of iron ore, soybeans and soy products rose 29%, 12% of the crude oil.
Electronic, mechanical, manufactured in Brazil to come up with a huge sum of money to $3.42 billion, imported from China.
Brazilian officials say they hope to be able to in the second half of 2013 the trade and currency trading.
Mr Mantega says, will be dominated by the dollar's international financial market turmoil of the buffer.
"If there is the impact of the global financial market, the credit is not much, we have our largest international partner's credit, so there is no interruption of trade," he said.
Chinese officials signed any opinions, but people's currency swap agreement, bank of China said on its web site, value 19 billion yuan, will be good for trade and investment.
"Progress" of the brics bank
The fifth summit in durban, the group, since 2009, Brazil, Russia, India, China and South Africa's head of state, is expected to approved plans to set up a joint bank's foreign exchange reserve pool and infrastructure.
These goals reflect the emerging market countries in helpless, rely on the world bank and international monetary fund (IMF), which is what they see as still reflect the interests of the United States and other rich countries.
Central bank reserves pool will give emerging economies face problems or take advantage of international balance of payments, to stabilize the economy, the global financial crisis, according to the plan outlined files, told Reuters.
Officials said the bric countries are considering a new infrastructure bank into the initial $5 billion. But the specific size, position and structure of the organization, or was played.
"This is a huge job has a lot of problems difficult to solve, to come to an agreement. In principle, have made some progress, 'Russian deputy finance minister sergei anatoly has Storchak told Reuters.
The bank will support on the way of emerging markets and developing countries, modern ports, reliable power and rail transport service the growing demand for financing.
Bric leaders also discussed trade and investment ties with Africa, when many of the economic boom in mainland is seeking a more balanced and different focus, especially in trade and investment giant group, China once again.
South African President Jacob zuma ushered in the new Chinese President xi jinping on Tuesday, who is his first visit to the head of state and Africa.
On Monday in Tanzania, xi jinping told africans, he want to equal relationship, this will help the development of the African continent, concerns are more interested in using its abundant raw materials, Beijing.
 



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