Brazil-China Relations

Regional News • Americas • Brazil
Brazilian Foreign Policy Ministry Ernesto Araújo resigns
Ernesto Araújo (left) with Jair Bolsonaro
Ernesto Araújo (left) with Jair Bolsonaro Credit: Palácio do Planalto (Public Domain)

The polemic Brazilian Foreign Policy Ministry Ernesto Araújo presented his resignation Monday to the President Jair Bolsonaro.

In the Brazilian Congress, the assessment is that the minister's performance isolated Brazil in the international scenario and hindered the obtaining of vaccine doses against Covid-19.

Mr. Araújo adopted in his administration the same principles as the foreign policy of former US President Donald Trump. This stance generated friction with important trading partners, such as China, the main destination for Brazilian exports, as well as the largest producer of vaccine supplies in the world.

Regional News • Americas • South America
China cut state loans for Latin America countries during 2020
China Development Bank logo
China Development Bank logo Credit: China Development Bank

For the first time since 2006, China’s two biggest policy banks — the China Development Bank (CDB) and the Export-Import Bank of China — made no new loans to countries in Latin America and the Caribbean.

According to analysts, the pandemic and the deterioration of financial conditions in the countries contributed to this, which made China more cautious and less willing to finance governments and risky projects.

Regional News • Americas • Brazil
US government offers Brazilian telecoms financing to buy 5G equipment from Huawei rivals
Brazilian President Jair Bolsonaro and US National Security adviser Robert O’Brien
Brazilian President Jair Bolsonaro and US National Security adviser Robert O’Brien Credit: Marcos Corrêa/PR (Public Domain)

The US government, via the U.S. International Development Finance Corporation (DFC), the U.S. EXIM bank and the National Security Council, offered financing to Brazilian telecoms to keep them from buying Huawei Technologies 5G equipment.

The Chinese Embassy in Brazil on Twitter accused the American government of seeking a networking "monopoly." Still, it said it believed most countries would remain independent and make their own decisions regarding 5G.