Brazil Becomes Second BRICS Country to Decline China's Belt and Road Initiative

Oct 29, 2024, 07:31 AM

Brazil has decided against joining China's Belt and Road Initiative (BRI), becoming the second BRICS country after India to decline participation in Beijing's multi-billion-dollar project. Brazil's decision reflects skepticism over the immediate benefits of the BRI and a preference for seeking alternative collaborations and synergies with China. The move is seen as a significant setback for China's efforts to expand its global infrastructure network through the BRI.