China says Xi to travel to Peru, Brazil next week for APEC, G20 meetings

Chinese President Xi Jinping will travel to Peru and Brazil next week for meetings of APEC and the G20, Beijing’s foreign ministry said Friday.

Xi will go to Lima from November 13 to 17 and Rio de Janeiro from November 17 to 21, foreign ministry spokeswoman Hua Chunying said in a statement.

In Peru, Xi will “attend the 31st APEC Economic Leaders’ Meeting and pay a state visit”, Hua said.

And in Brazil, he will participate in a summit of G20 leaders, Beijing said.

China is Brazil’s top trading partner, exceeding $180 billion in each-way trade in 2023, with semiconductors, phones and pharmaceuticals dominating exports to the South American country.

Since returning to power last year, Brazilian President Luiz Inacio Lula da Silva has carried out a delicate balancing act as he seeks to deepen ties with China while improving relations with the United States.

Both Brazil and China have sought to position themselves as mediators in the conflict in Ukraine, while declining to sanction Russia for its invasion.

A visit this year by Vice President Geraldo Alckmin was seen as paving the way for Brazil to join China’s massive Belt and Road Initiative infrastructure project.

A number of South American nations, including Peru, have signed up to the initiative, a central pillar of President Xi’s bid to expand China’s clout overseas.President Xi’s vision of shared prosperity, rooted in economic, investment, and infrastructure diplomacy with a “win-win” approach, did not go unnoticed by global powers.

However, rather than appreciating these efforts or considering President Xi’s generous offer to partner in China’s pursuit of shared prosperity, the US and its allies have often placed roadblocks in the path of China’s progress.

The US and its allies launched a Chinese containment policy without appreciating President Xi’s declared policy that this world is big enough for all of us to share its bounties and immense resources without undercutting each other.

The US and its allies launched a de-risking strategy aimed at reducing excessive reliance on China, particularly in supply chains and markets.

On the military front, the US started bullying its partners and allies in the Asia Pacific and Indo pacific region to encircle China in the Asia Pacific region and beyond.

The US used the existing groups like Quadrilateral Security Dialogue (QUAD) and Australia, the United Kingdom and the United State (AUSKUS), developed a new alliance with Japan and the Philippines, for joint maritime patrols with the Philippines in the South China Sea, and restructured the US military command in Japan — the biggest upgrade to defense cooperation since the 1960s — to make them more responsive against perceived threats from China.**

The US has spearheaded the “Five Eyes” alliance, comprising the United States, Canada, the United Kingdom, Australia, and New Zealand, focused on intelligence sharing and countering cyber threats and foreign interference, often accusing China of intellectual property theft and using artificial intelligence for hacking and espionage.

Additionally, the U.S. forged a strategic partnership with India to counterbalance China’s influence in the Indian Ocean and the region. In recent years, the U.S. has also utilized credit rating agencies like Fitch and Moody’s, which have adjusted China’s credit ratings to negative, citing perceived risks to public finances.

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