World News

22059 readers

89 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

After India, Brazil becomes second major BRICS country not to join China's Belt and Road Initiative, citing Brasilia's desire to maintain strategic autonomy (www.eurasiantimes.com)

submitted 3 days ago by 0x815@feddit.org to c/news@beehaw.org

1 comments fedilink hide all child comments

Ahead of Chinese President Xi Jinping’s Brazil visit on November 20, Brasilia has junked China’s Belt and Road Initiative (BRI), becoming the second BRICS country after India to reject Beijing’s multi-billion dollar venture.

Earlier in December 2023, Italy, the only G7 country to have signed for BRI, also withdrew from China’s vast infrastructure initiative.

This move by Brazil—an influential player in the BRICS bloc—signals rising concerns about the long-term implications of China’s expanding global footprint through the BRI.

Prioritizing Strategic Autonomy

Under President Lula da Silva’s leadership, Brazil seeks to strengthen its ties with China while avoiding the formal commitments associated with joining the BRI.

Brazilian officials are actively pursuing Chinese investments without formal accession to the BRI, reflecting the country’s desire to maintain strategic autonomy while exploring various infrastructure and trade projects with China.

In an interview with the Brazilian newspaper O Globo, Celso Amorim, Brazil’s special presidential adviser for international affairs [...] clarified that Brazil does not view Chinese trade and infrastructure projects as “an insurance policy,” stating, “We are not entering into a treaty.”

[...]

you are viewing a single comment's thread
view the rest of the comments

[–] adespoton@lemmy.ca 1 points 2 days ago

Does anyone actually see Russia joining? The only belt and road candidate I can imagine from BRICS is South Africa.

However. There’s quite a few second-tier BRICS hangers on (Indonesia, Myanmar, Kazakhstan, Sudan, etc) that I can imagine could be quite excited about belt and road, at least in the short term.