Photo: AFP/Xinhua/Zhai Jianlan
Eurasia
21/10/2023 22:00
The Belt and Road Initiative is highly compatible with Brazil's reindustrialization and New Growth Acceleration Program, Xi said, adding the two sides should synergize them to facilitate their respective modernization process.
Xi said China supports Brazil in hosting the G20 summit next year as well as the United Nations climate change conference in 2025, and is willing to strengthen coordination and cooperation with Brazil.
Lira said that cooperation with China has effectively promoted Brazil's economic and social development and increased Brazil's employment and production capacity. China's success is of great significance to the world, and China has always been an important partner for Brazil's development.
As the rotating chair of the G20 next year, Brazil is willing to closely communicate and coordinate with China, and looks forward to President Xi's visit then, said Lira.
Since the BRICS bloc of major emerging economies expanded to include five new members, experts believe the likes of Nigeria, Turkey, Algeria, and Indonesia could be included in the group’s next phase of expansion. However, analysts warn the additions may exacerbate existing rifts between members and introduce new ideological fault lines that could hinder cooperation.
Russian Finance Minister Anton Siluanov mentioned establishing "an independent settlement payment system based on new principles, first and foremost digital and blockchain principles", TASS reports.