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BRAZIL-Xi To Lula: Sino-Brazil Relations A Diplomatic Priority

CHINA

MNI London - Wires carrying comments from Chinese President Xi Jinping as part of the state visit of Brazilian President Luiz Inacio Lula da Silva. Xi states to Lula that "China has place Sino-Brazil relations as a diplomatic priority," and that "China and Brazil should deepen practical cooperation [and] deepen potential for cooperation in sectors including agriculture, energy, [and] infrastructure construction."

  • Chinese state media reports that both leaders "agree that dialogue and negotiations are the only viable way out of Ukraine crisis."
  • Comes after Lula launched a broadside at the IMF and the role of the US dollar in international finance earlier. Speaking in Shanghai at the ceremony inaugurating former Brazilian President Dilma Rousseff as head of the New Development Bank (formerly the BRICS Development Bank), Lula stated "Who decided the dollar would be the (world's) currency? Why can't a bank like the BRICS bank have a currency to finance trade between Brazil and China, between Brazil and other BRICS countries?... Today, countries have to chase after dollars to export, when they could be exporting in their own currencies."
  • Lula on the IMF: ""No bank should be asphyxiating countries' economies the way the IMF is doing now with Argentina, or the way they did with Brazil for a long time and every third-world country. [...] No leader can work with a knife to their throat because [their country] owes money."

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