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