Lula says China is not ‘enemy of global trade,’ but instead is willing to trade with countries ‘despised by many other powers’ - Anadolu Ajansı

BEIJING/BRASILIA: China and Brazil pledged on Tuesday (May 13) to defend free trade and multilateralism as the two countries signed 20 agreements in Beijing to strengthen their ties amid global trade uncertainties.

Brazil and China are strategic partners amid the return of protectionist tendencies, the Brazilian president argued, referring to the recent trade policy adopted by the US.

China and Brazil on Tuesday signed 20 cooperation documents during Brazilian President Luiz Inacio Lula da Silva's state visit to China. He also

BEIJING - President Xi Jinping vowed on Tuesday to boost China's footprint in Latin America and the Caribbean with a new $9 billion credit line and fresh infrastructure investment, although Brazil warned the region not to become overly reliant on foreign funding.

Meituan will invest US$1 billion over five years to start and expand a food delivery service in Brazil, as Luiz Inacio Lula da Silva hopes to transform the country’s commodities-reliant economy with help from China.

Brazilian President Luiz Inácio Lula da Silva is to meet Monday with executives from two major Chinese companies. Later in the day, he is to hold an encounter with representatives from the health sector and sign a series of agreements before closing the Brazil-China seminar.