Chinese President Xi Jinping doubled down on support for the ‘Global South’ during a visit to the New Development Bank (NDB) headquarters in Shanghai this week, receiving high praise from bank President Dilma Rousseff. The former Brazilian leader thanked Xi for his “steadfast support” of the institution, calling their meeting a “great success” in a post-visit interview.
Xi highlighted the NDB’s role as a “pioneering initiative” driving collaboration among developing nations, while Rousseff emphasized his “crucial role” in the bank’s growth. Founded by BRICS nations, the NDB has financed over $30 billion in infrastructure projects since 2015. 🌐💡
The visit signals China’s growing influence in reshaping global finance frameworks. For young professionals tracking emerging markets, this partnership could unlock new investment ecosystems across Asia and beyond. 💼✨
