Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation

KYli

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US is Brazil's largest investor, not China.
  • According to the Central Bank of Brazil, the United States was the largest source of foreign direct investment stocks by final beneficiary with nearly R$ 1 trillion (nearly US$ 192 billion) in 2021, almost four times the amount of the next largest country source of investments.
  • Chinese investment into Brazil was only US$5.9 billion in 2021.
  • Chinese capital stock in the country was the 25th position among foreign investors in Brazil (Cariello
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    , p. 10).
Brazil must do a balancing act because it is caught between its largest trading partner and largest investor. China cannot yet displace the US, not with a measly $20 billion fund. There is much work to be done. The Workers’ Party and Lula are old and influential friends of China and will cooperate with her to reduce Latin America's reliance on US.
US FDI in Brazil is the total investment including financial investments with little and no link to the real economy. It is unfair to use such statistics to compare with Chinese investment in Brazil which is mostly going into factories and machinery.
 

tphuang

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A couple of articles by Simon Watkins here. Now, he is quite biased and bitter about China/Russia's increasing influence in the middle east, but I think there are some keys points here.
1) China has been building up relationship with Saudi Arabia slowly for a long time
2) China and Russia have been coordinating in the Middle East
3) American presence is fading in the Middle East, as such, Saudis no longer have to abide by any price range that American president may seek to impose
4) Saudis and Iranian peace deal really does reduce Western influence in the middle east
5) Iraq has a lot of reserves and makes sense for China/Russia to use its connections with Saudis/Iranians to push out everyone else
6) There is a reason neocons want to have independent Kurdistan. It weakens the control of Sunni and Shiites block

Also interesting that America is now supporting the Turkish opposition so openly.
 

tphuang

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Updates from other BRI projects.

A new coal power plant built by Huadian for Cambodia is entering into commercial service
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After 3 years of COVID, Pakistani students are now able to once again study in China
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Pakistan looking for China to accelerate those infrastructure projects ML-1 & KCR
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Tunisia is looking to join BRICS+

And now that the road connecting China & Pakistan has re-opened, traffic has started again

China agreeing with Russia to build railway to resource rich Sakha region (a really huge land area). This will make it easier for China to import Russian resources
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The Sakha Republic produces nearly all of Russia’s antimony, which is used in products like semiconductors and is a critical input for the defence-industrial supply chain and used to make ammunition, explosives, and nuclear weapons.
The region is also a major source of Russian diamonds, uranium, gold, silver, iron, coal, gas, and timber – all key resources that can be further developed for export
 

tphuang

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rundown from overnight

Lula in Shanghai, meeting his friend Dilma Rousseff who will be sworn in today I think at the president of NDB

Peace breaking out in West Asia everywhere. Now, Qatar and Bahrain have resumed their ties. Muslim countries are putting aside their differences
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With that in mind, Qin Gang with 2 day trip to Uzbekistan where they are meeting to discuss aiding Afghanistan. If China can get central/Western Asia situation sorted out, will be a huge win

Of course, first cross border yuan settlement bw China/Brazil. Good symbolism here

A lot of people upset at Washington about Saudi Arabia not listening to them anymore
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tphuang

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so china, russia, iran & pakistan issue joint statement on Afghanistan, blaming America's hastily withdraw
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if they could just get India to join in, that would be great

more on west asia situation. still some hurdles for normalization of Syrian ties

While in Uzbekistan, Qin Gang calling for greater effort in CKU railway among other things. Again, China needs to make sure central asian countries are in its orbit given the recent Russian waeknesses
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good things for Chin/Pakistan relationship
 

tphuang

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public discourse follows elite opinion. So in this case, we have the Brazilian leadership making conscious effort to turn East and embrace multipolar world where Brazil itself gets a piece of the world commerce as a founding BRICS nation

Here is for hoping that whatever happens in the next few days, we will see real fruits in Brazil's economy from working with China. Whether that's greater industrialization or role in the world economy
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Good point here, important for BRI to have synergy with not just ASEAN countries, but also all the other major projects like with EEAU, Saudi 2030, South American countries and such.

Another case here where hopefully Egypt by joining BRICS over time it will achieve greater prosperity. All these countries are looking to joins BRICS to help their local economy. They don't want to deal with IMF or the world bank, which end up just strangling their economy with austerity and then giving money to vulture capitalists.
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taxiya

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so china, russia, iran & pakistan issue joint statement on Afghanistan, blaming America's hastily withdraw
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if they could just get India to join in, that would be great
India does want to be part of Afghanistan affair, but I think China does not want to give India more international space/stage of influence and visibility, even without considering Pakistan's objection. China's strategy to India is to give nothing more than the minimum to keep India from committed to US. This is not a secret to India either since it is doing balancing (playing both sides) all the time.

The Indians have to earn the trust before let in. China won't give before that.
 

tphuang

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India does want to be part of Afghanistan affair, but I think China does not want to give India more international space/stage of influence and visibility, even without considering Pakistan's objection. China's strategy to India is to give nothing more than the minimum to keep India from committed to US. This is not a secret to India either since it is doing balancing (playing both sides) all the time.

The Indians have to earn the trust before let in. China won't give before that.
See that's the problem. I vastly disagree with most of this forum on how China should treat India. If there is anything this past year has taught us, India is not part of the cool kid club and it knows that. In places like multi-polar world and de-dollarization, India and China have a lot of mutual interest.
 

RobertC

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tphuang -- Yes it's quite sad India has not been capable of accepting China's repeated offers to improve relationships. For instance, last year China said let's resolve borders, water, etc concurrently and India responded borders first and maybe those other issues. I think India's leaders are incapable of reading a topographic map
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But watching India's glee over it's temporary G20 leadership and its reluctance (refusal) to join Asian activities (eg, RCEP, BRI
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) points to its inability to put economic interests over political prestige.

China has only so many assets available for foreign policy and with Pakistan taking a turn for the worse I think those assets will be redirected to the west end of CPEC.
 

Michaelsinodef

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See that's the problem. I vastly disagree with most of this forum on how China should treat India. If there is anything this past year has taught us, India is not part of the cool kid club and it knows that. In places like multi-polar world and de-dollarization, India and China have a lot of mutual interest.
Have you read this piece:
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?

I really don't have that high hopes for India, even before reading that, but even less afterwards lol.
 
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