Chinese President Xi Jinping will skip the BRICS summit in Rio (July 6–7)

Forex Short News

Chinese President Xi Jinping will skip the BRICS summit in Rio (July 6–7), his first absence since joining the group.

  • Premier Li Qiang will lead China’s delegation instead.

  • Beijing cited a scheduling conflict and recent meetings with Lula as reasons for Xi’s absence.

  • Brazilian officials expressed disappointment, noting Lula’s earlier goodwill visit to Beijing.

  • Xi’s no-show comes amid speculation over Brazil’s decision to host India’s PM Modi for a state dinner.

  • Li Qiang is expected to arrive in Brazil late next week.

This article was written by Eamonn Sheridan at www.forexlive.com.