Chinese leader Xi Jinping will arrive in Peru today for the Asia-Pacific Economic Cooperation (APEC) summit, where he is expected to inaugurate a giant $1.3 billion port that will underline Beijing’s growing regional influence.
After the APEC meeting, Xi Jinping will go to Brazil to attend the G20 Summit. Some analysts believe that Brazilian President Luiz Inacio Lula da Silva may use this summit to announce Brazil’s participation in the “One Belt, One Road” initiative. initiative, China’s massive infrastructure investment plan. The United States has previously warned Brasilia to “think seriously about the best path for economic development.”
Reuters estimates that in South America, “Donald Trump’s new White House will find itself on the losing side of the trade war with China.”
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