In a surprise move, Brazil announced its decision not to participate in China’s Belt and Road Initiative (BRI), becoming the second BRICS country to refuse the mega infrastructure project. President Luiz Inácio Lula da Silva and his adviser Celso Amorim indicated that the country would seek new forms of cooperation with Chinese investors, rather than formalize adherence to the initiative.
Cory Weinberg is a Senior Reporter at The Information. He focuses on regional interest and world news, with particular expertise in finance, trading, and competitive sports, covering topics such as the Olympics, ESG, and the Russia-Ukraine War. Cory's work has been featured in Knowledia and The Information.