president lula da silva is paying a visit. president xijinping president lula da silva is paying a visit. president xi jinping told president lula da silva is paying a visit. president xijinping told his brazilian counterpart that chinese development would create new opportunities for brazil. the also an opportunity for beijing to reinforce ties with one of the world s emerging economic powers, a member of the group of economies which also includes russia, india and south africa. he said he viewed relations with brazil as a diplomatic high priority. the countries agreed a deal to ditch the dollar and trade between them in their own currencies. joining me now is the chief economist, who joins me now. big on promises after this meeting about what these deeper ties will mean for brazil but i wonder what was your to how much detail there was about the opportunities which could present themselves to brasilia. ., ., , brasilia. there were areas where there was detail, brasilia. t
wonder, is brazil as important and emerging economy as it was back in the days when the term brix was coined but has it been left in the shadow of china which has become the second biggest economy and india which is surging ahead. i think the brics is a concept has become more asymmetric. brics is a concept has become more asymmetric asymmetric. india hardly talks about the brics. asymmetric. india hardly talks about the brics- we asymmetric. india hardly talks about the brics. we actually asymmetric. india hardly talks about the brics. we actually had - asymmetric. india hardly talks about the brics. we actually had india - the brics. we actually had india with the old brics bank but it is over. obviously, brazil has taken over. obviously, brazil has taken over and this means india doesn t want to be as engaged in an asymmetric brics and brazil is probably not as important as it was when the brics concept was created.