Chinese leader Xi Jinping met with visiting Brazilian President Luiz Inácio Lula da Silva on Friday, part of a push to boost ties between two of the world’s largest developing nations.
— and has approved 99 loan projects totaling more than $34 billion, mainly for infrastructure projects, according to China’s Foreign Ministry.
Brazilian President Luiz Inacio Lula da Silva speaks at the inauguration ceremony of the new president of the New Development Bank in Shanghai on Thursday.“The New Development Bank is the product of a partnership among BRICS countries with a view to creating a world with less poverty, less inequality and more sustainability,” Lula said, according to an NDB statement.
Lula’s China visit follows trips to Argentina and Uruguay in January and to the U.S. in February, signaling the importance he places on international affairs in contrast to Bolsonaro.
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Brazil's Lula in Shanghai on visit to boost ties with ChinaBrazilian President Luiz Inácio Lula da Silva is in the Chinese financial hub of Shanghai as he looks to boost ties with his country's biggest trade partner. Lula is due to meet with his Chinese counterpart Xi Jinping in Beijing on Friday before concluding his visit to China. The Brazilian government says the sides are expected to sign at least 20 bilateral agreements, underscoring the improvement in relations following a rocky patch under predecessor Jair Bolsonaro. In Shanghai, Lula will attend the swearing in of former Brazilian president Dilma Rousseff as head of the Chinese-backed New Development Bank. China is Brazil’s biggest export market, and Brazil is the biggest recipient of Chinese investment in Latin America.
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Brazil’s Lula in Shanghai on visit to boost ties with ChinaBrazilian President Luiz Inacio Lula da Silva was in the Chinese financial hub of Shanghai on Thursday as he looks to boost ties and win political support for attempts to mediate the conflict in Ukraine.
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Brazil's Lula begins China trip, aims to strengthen relationsPresident Lula is scheduled to meet on Friday his Chinese counterpart Xi Jinping in the capital as well as business and tech industry representatives in China.
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China's Xi to host Brazil's Lula in Beijing to secure economic tiesChina is playing host to Brazil's president on Friday, as both countries have ramped up international diplomacy this year. The leaders are expected to sign trade agreements.
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