Brazil rejects China's Belt and Road Initiative following India's lead

livemint.com October 29, 2024, 03:01 PM UTC

Summary: Brazil has decided not to join China's Belt and Road Initiative (BRI), following India's earlier rejection. This marks a significant setback for China, as Brazil becomes the second BRICS nation to opt out of the project.

Brazilian officials expressed interest in collaborating with Chinese investors without formal commitments. They aim to enhance relations with China while prioritizing their own infrastructure projects.

The decision comes ahead of Chinese President Xi Jinping's upcoming visit to Brazil. Brazilian officials cited concerns about potential complications with future U.S. relations and the lack of immediate benefits from the BRI.

Full article

Article metrics
Significance5.0
Scale & Impact5.8
Positivity4.1
Credibility7.5

What is this?

This is article metrics. Combined, they form a significance score, that indicates how important the news is on a scale from 0 to 10.

My algorithm scores 10,000 news articles daily, and creates a single significance-ordered list of news.

Read more about how I calculate significance, or see today's top ranked news on the main page:

See today's news rankings

Timeline:

  1. [5.5]
    Brazil declines to join China's Belt and Road Initiative following India's lead (moneycontrol.com)
    11h

  2. [5.5]
    Brazil opts out of China's Belt and Road Initiative, seeks alternative partnerships (thehindu.com)
    13h

  3. [5.1]
    Brazil declines to join China's Belt and Road Initiative, following India's lead (ndtv.com)
    16h