The Intelligence from The Economist Rio brand: why Brazil is courting China
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Nov 19, 2024 Ana Lánchez, Brazil bureau chief for The Economist, discusses Brazil's evolving relationship with China, particularly under Lula's G20 agenda focusing on wealth equality. James Fransham, the data correspondent, analyzes Britain's subpar mobile phone service. They explore Brazil’s strategic shift towards local currency trading with China to lessen U.S. dollar dependence, as well as the potential impact of Trump’s reelection on these ties. Plus, they touch on health risks for astronauts, including the effects of microgravity on human biology.
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Lula's G20 Challenges
- Lula da Silva's ambitions at the G20 faced potential setbacks due to Trump's re-election.
- Trump's close ties with Bolsonaro and disputes with Elon Musk further strain the relationship.
Brazil-China Cooperation
- Lula sent his communications minister to China to explore satellite partnerships, directly competing with Musk's Starlink.
- Chinese electric vehicle companies BYD and Great Wall Motors are also setting up factories in Brazil.
Brazil-China Partnership
- Brazil is strengthening its ties with China to offset the strained relationship with the U.S. under Trump.
- This involves increased trade and cooperation in various sectors, including renewables and technology.