Lula seeks partnership with China to boost Brazilian industry and trade.

Brazilian President Lula da Silva seeks China's help to reinvigorate Brazil's ailing industrial sector, particularly by picking up the slack of exiting US companies. Lula wants to bring direct investments from China and is seeking partnerships that challenge the hegemony of Western-dominated economic institutions and geopolitics, including diplomacy over the war in Ukraine. Lula's visit included the swearing-in of former Brazilian President Dilma Rousseff as head of the Chinese-backed New Development Bank, which is funding infrastructure projects in Brazil and elsewhere in the developing world.