IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 — 0.00% USD/MXN17.48▲ 0.05% USD/CLP923.90▼ 0.41% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.44% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.61▲ 0.22% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.84▲ 0.38% BRENT 77.74 ▲ 2.28% WTI 72.93 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.55% GOLD 4,086 ▼ 0.43% SILVER 59.29 ▼ 0.88% SOY 1,195 ▼ 0.15% CORN 465.75 ▲ 6.34% WHEAT 638.25 ▲ 0.99% COFFEE 314.80 ▼ 8.22% SUGAR 14.71 ▼ 1.14% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.98 ▲ 1.33% COCOA 5,799 ▼ 2.03% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,101 ▼ 1.03% ETH 1,788 ▼ 1.01% SOL 76.59 ▼ 0.37% XRP 1.08 ▼ 0.59% BNB 569.49 ▼ 0.78% ADA 0.16 ▼ 1.09% DOGE 0.07 ▼ 0.29% AVAX 6.56 ▲ 2.47% LINK 7.99 — 0.00% DOT 0.83 ▼ 1.09% LTC 43.88 ▼ 0.20% BCH 238.40 ▼ 0.65% TRX 0.33 ▼ 0.52% XLM 0.18 ▼ 1.30% HBAR 0.07 ▲ 0.29% NEAR 1.92 ▲ 1.71% ATOM 1.55 ▼ 1.22% AAVE 95.50 ▼ 1.61% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,604 ▲ 0.66% USD/ZAR16.35▲ 0.15% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,229 ▲ 0.09% KOSPI 6,807 ▼ 8.95% JCI 6,024 ▲ 1.68% USD/JPY162.08▲ 0.22% USD/CNY6.77▼ 0.12% DAX 25,087 ▲ 0.08% CAC 8,341 ▲ 0.02% FTSE 10,503 ▲ 0.05% MIB 52,774 ▲ 0.30% IBEX 19,410 ▲ 0.13% STOXX 640.71 ▼ 0.06% EUR/USD1.14▲ 0.34% GBP/USD1.34▲ 0.06% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.28 ▲ 8.32% USD/CAD1.41▼ 0.17% US10Y 4.5690 ▲ 0.66% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 — 0.00% USD/MXN 17.48 ▲ 0.05% USD/CLP 923.90 ▼ 0.41% USD/COP 3,237 ▼ 0.27% USD/PEN 3.41 ▲ 0.44% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.61 ▲ 0.22% USD/CRC 448.82 ▲ 1.41% USD/GTQ 7.63 ▲ 2.31% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.84 ▲ 0.38% BRENT 77.74 ▲ 2.28% WTI 72.93 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.55% GOLD 4,086 ▼ 0.43% SILVER 59.29 ▼ 0.88% SOY 1,195 ▼ 0.15% CORN 465.75 ▲ 6.34% WHEAT 638.25 ▲ 0.99% COFFEE 314.80 ▼ 8.22% SUGAR 14.71 ▼ 1.14% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.98 ▲ 1.33% COCOA 5,799 ▼ 2.03% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 63,101 ▼ 1.03% ETH 1,788 ▼ 1.01% SOL 76.59 ▼ 0.37% XRP 1.08 ▼ 0.59% BNB 569.49 ▼ 0.78% ADA 0.16 ▼ 1.09% DOGE 0.07 ▼ 0.29% AVAX 6.56 ▲ 2.47% LINK 7.99 — 0.00% DOT 0.83 ▼ 1.09% LTC 43.88 ▼ 0.20% BCH 238.40 ▼ 0.65% TRX 0.33 ▼ 0.52% XLM 0.18 ▼ 1.30% HBAR 0.07 ▲ 0.29% NEAR 1.92 ▲ 1.71% ATOM 1.55 ▼ 1.22% AAVE 95.50 ▼ 1.61% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,604 ▲ 0.66% USD/ZAR 16.34 ▼ 0.06% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,229 ▲ 0.09% KOSPI 6,807 ▼ 8.95% JCI 6,024 ▲ 1.68% USD/JPY 162.07 ▲ 0.25% USD/CNY 6.7801 ▲ 0.20% DAX 25,087 ▲ 0.08% CAC 8,341 ▲ 0.02% FTSE 10,503 ▲ 0.05% MIB 52,774 ▲ 0.30% IBEX 19,410 ▲ 0.13% STOXX 640.71 ▼ 0.06% EUR/USD 1.1439 ▲ 0.18% GBP/USD 1.3395 ▼ 0.02% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.28 ▲ 8.32% USD/CAD 1.4135 ▼ 0.12% US10Y 4.5690 ▲ 0.66%
since 2009
Monday, July 13, 2026

BRICS Summit Accentuates Differences, Divide between Brazil and China

By · November 19, 2020 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

RIO DE JANEIRO, BRAZIL – The BRICS Summit on Tuesday, November 17th, was the first meeting, albeit virtual, of President Jair Bolsonaro with China’s President Xi Jinping, after the Brazilian had involved the country and the Chinese Coronavac vaccine in his personal feud with São Paulo Governor João Doria, and pointed to a clear split in the bloc, with veiled criticism on both sides.

In opening his address with an impromptu speech, Bolsonaro quickly mentioned that Brazil was “in tune” with the rest of the countries in the search for a “safe and effective” vaccine for Covid-19, after Xi Jinping emphasized the fact that China is among the countries leading the research for the drug and would be willing to distribute it to the other bloc countries.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

The two presidents’ speech clearly marked the differences that have increasingly distanced China and Brazil, despite the strong trade relationship – the Asian country is Brazil’s main export market – and of the BRICS nations – Brazil, China, Russia, India, and South Africa.

Chinese President Xi Jinping (left) and Brazilian President Jair Bolsonaro (right).
Chinese President Xi Jinping (left) and Brazilian President Jair Bolsonaro (right). (Photo: internet reproduction)
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Multilateralism, the defense of international institutions such as the United Nations and the World Health Organization, and the control of global warming were among the topics mentioned by the Chinese president, which run in opposition to the positions currently advocated by Brazil.

“We must overcome divisions with unity and work tirelessly to fight the virus,” said Xi Jinping, adding that the pandemic must not be used to build obstacles. “The use of the pandemic to pursue the end of globalization is detrimental to the world,” he said.

Speaking before Bolsonaro, Xi Jinping also advocated that countries maintain the “purposes and principles” of the United Nations Charter and an international system centered on the UN to prevent hegemony and power dispute policies.

For his part, Bolsonaro took an opposite approach. While stating that Brazil was open to investors and international trade, he once again advocated that democracy and the “sovereign prerogatives of countries must be defended.”

“It must be emphasized that the crisis has exposed the centrality of nations for the solution of the problems that affect the world today. We must recognize the reality, that it was not international organizations that overcame the challenge, but rather coordination between our countries,” said Bolsonaro.

The President also advocated the reform of the World Health Organization (W.H.O.) and the World Trade Organization (WTO), two of the points in which he follows U.S. President Donald Trump’s policy. In July, Trump sent a letter to the W.H.O. saying that the U.S. was withdrawing from the organization, in a gesture that Bolsonaro threatened to copy, but did not carry out.

One of Trump’s complaints, reiterated by the Brazilian president, would be alleged excessive influence of China over the W.H.O. While Xi Jinping was defending the Organization, Bolsonaro said: “I have also criticized the politicization of the virus and the purported knowledge monopoly on the part of the W.H.O. from the very beginning, which is in urgent need of a reform”.

The Brazilian president also asked, once again, for a reform of the WTO. “The reform of the WTO is crucial for the resumption of global economic growth. It is necessary to prioritize proposals to reduce subsidies for agricultural goods with as much emphasis as some countries are seeking to promote trade in industrial goods,” he said.

A recurring topic of Brazilian diplomacy, changes in the WTO have reached a deadlock with a block in negotiations imposed by the Trump government’s demands.

With respect to the environment, differences between China and Brazil also emerged. While the Chinese president vowed to convert his country into a carbon-neutral economy by 2060 and advocated the implementation of the Paris Agreement – from which Bolsonaro has also considered withdrawing – the Brazilian president used his address to say that he would expose countries that buy illegally extracted wood from Brazil.

Source: Exame

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map
All News Brazil art news Brazil Best English News Brazil Best News Brazil Brazil Brazil economy Brazil football Brazil Museum Fire Brazil national football team Brazil News Brazil Pension Reform Brazil Real Brazil Visa Brazilian Newspaper Business News Brazil Covid-19 Latin America culture news Brazil English Culture News Brazil English Info Brazil English Info Rio de Janeiro English News Argentina English News Belo Horizonte English News Bolivia English News Brasilia English News Brazil English News Chile English News Colombia English News Cuba English News Curitiba English News Ecuador English News El Salvador English News Falklands English News Florianopolis English News Guetamala English News Latin America English News Mexico English News Panama English News Paraguay English News Peru English News Rio de Janeiro English News Sao Paulo English News Uruguay English News Venezuela English Newspaper Brazil English Newspaper Rio de Janeiro Falkland Islands General News Brazil Info Brazil Info Rio de Janeiro Invest in Brazil Mining News Brazil Natioal Museum of Brazil News Argentina News Bolivia News Brasilia news Brazil News Chile News Colombia News Cuba News Ecuador News El Salvador News Falklands News Florianopolis News Guatemala News Latin America News Mexico News Panama News Paraguay News Peru News Rio de Janeiro News Uruguay News Venezuela Oil News Brazil President of Brazil Rio de Janeiro São Paulo News Science News Brazil travel Brazil Travel News Brazil Universities Brazil

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.