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  • Wednesday, 30 October 2024

Brazil follows India's lead, 2nd Brics nation to decline participation in China's Belt & Road Initiative

Brazil, under President Lula da Silva, has chosen not to join China's Belt and Road Initiative but will seek other ways to collaborate with Chinese investors. Brazil aims to align its infrastructure projects with investment funds tied to BRI without officially joining, citing concerns about immediate benefits and potential U.S. relations under a Trump administration.

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