Despite China's declining investment volumes in Brazil, strengthening cooperation remains of interest to both countries, which will likely see Brazil join China's Belt and Road Initiative, potentially before the end of the year. Recent diplomatic discussions between Brazil and China have revolved around the former's admission to the latter's Belt and Road Initiative (BRI). Chinese officials have publicly stated their interest in having Brazil join the global infrastructure program -- which would mark a significant political victory for Beijing -- while Brazilian President Luiz Inacio Lula da Silva told reporters in July that his team was putting together a proposal on the issue. Chinese President Xi Jinping is scheduled to pay a state visit to Rio de Janeiro in November, during which a formal announcement on Brazil's BRI membership could materialize....
