{"id":62152,"date":"2023-04-14T05:39:12","date_gmt":"2023-04-14T09:39:12","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/chinas-xi-to-host-brazils-lula-in-beijing-to-secure-economic-ties-62152"},"modified":"2023-04-14T05:39:12","modified_gmt":"2023-04-14T09:39:12","slug":"chinas-xi-to-host-brazils-lula-in-beijing-to-secure-economic-ties","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/chinas-xi-to-host-brazils-lula-in-beijing-to-secure-economic-ties-62152","title":{"rendered":"China’s Xi to host Brazil’s Lula in Beijing to secure economic ties"},"content":{"rendered":"
\n

Chinese leader Xi Jinping will play host to Brazilian President Luiz In\u00e1cio Lula da Silva in Beijing<\/a> on Friday, continuing the Asian country\u2019s international diplomacy campaign which has included meetings with Russia and Saudi Arabia.<\/p>\n

The leaders will seek to bolster ties between two of the world\u2019s largest developing nations. The meeting comes on the heels of China<\/a> already convincing Brazil to drop the use of the U.S. dollar in some international agreements.<\/p>\n

The meeting comes on the second day of Lula\u2019s visit to his country.<\/p>\n

China is Brazil\u2019s most important trading partner and ally. Their ongoing relationship falls in hand with China\u2019s interest in challenging Western-dominated economic institutions.<\/p>\n

ECONOMIST SOUNDS THE ALARM ON THE ‘GREATEST ENEMY TO THE US DOLLAR’: ‘IT’S THE US TREASURY’<\/strong><\/a><\/p>\n

The state visit included a swearing-in ceremony Thursday for former Brazilian President Dilma Rousseff, who now serves as head of the Chinese-backed New Development Bank, which funds infrastructure projects in Brazil and elsewhere in the developing world.<\/p>\n

The NDB portrays itself as an alternative to the International Monetary Fund and World Bank.<\/a><\/p>\n

US MUST CATCH UP TO CHINA’S DIGITAL CURRENCY CAPABILITY IN ORDER TO \u2018LEAD THE WORLD\u2019: PAUL RYAN POLICY VOLUME<\/u><\/strong><\/a><\/p>\n

The Brazilian government has said the two countries are expected to sign at least 20 bilateral agreements, underscoring the improvement in relations since Lula took over in January.<\/p>\n

China is Brazil\u2019s biggest export market, each year buying tens of billions of dollars worth of soybeans, beef, iron ore, poultry, pulp, sugar cane, cotton and crude oil. Brazil is the biggest recipient of Chinese investment in Latin America, according to Chinese state media.<\/p>\n

CHINA, MALAYSIA TO DISCUSS ASIAN MONETARY FUND TO REDUCE DEPENDENCE ON US DOLLAR<\/u><\/strong><\/a><\/p>\n

Lula’s visit to China follows trips to Argentina and Uruguay in January and to the U.S.<\/a> in February.<\/p>\n

A key component of Lula\u2019s international outreach is his proposal that Brazil and other developing countries, including China, mediate peace over Ukraine. His proposal, however, includes a suggestion that Ukraine cedes Crimea to forge peace, which has angered Kyiv.<\/p>\n

China has also been active in playing a role to end the conflict, though it claims to be more objective about the situation. Beijing often makes statements supportive of Moscow.<\/p>\n

China has refused to condemn the invasion, criticized international economic sanctions on Russia and accused the U.S. and NATO of further provocations.<\/p>\n

CLICK HERE TO GET THE FOX NEWS APP<\/u><\/strong><\/a><\/p>\n

Russia and China declared a “no limits” relationship in 2022. Xi and Russian President Vladimir Putin<\/a> reaffirmed this relationship in March during a meeting in Moscow.<\/p>\n

Xi also recently met with French President Emmanuel Macron.<\/p>\n

The Associated Press contributed to this report.<\/i><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/world\/chinas-xi-host-brazils-lula-beijing-secure-economic-ties <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese leader Xi Jinping will play host to Brazilian President Luiz In\u00e1cio Lula da Silva in Beijing on Friday, continuing the Asian country\u2019s international diplomacy […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-62152","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nChina's Xi to host Brazil's Lula in Beijing to secure economic ties - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/chinas-xi-to-host-brazils-lula-in-beijing-to-secure-economic-ties-62152\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China's Xi to host Brazil's Lula in Beijing to secure economic ties - 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