The BRICS bank president also stated, “It is difficult to contain China in the way that happened with Japan.”
Dilma Rousseff
247 At the World Peace Forum at Tsinghua University in Beijing, former President Dilma Rousseff, who currently resides in Shanghai and chairs the BRICS New Development Bank, shared her views on geopolitical and economic issues, highlighting dedollarization and praising China’s combat achievements against poverty. During the event, Dilma had an opportunity to discuss these issues with Han Zheng, Vice President of Xi Jinping.
One of Dilma Rousseff’s most outspoken statements, which was widely reported on Chinese news outlets, was her criticism of the US’s use of the dollar as a political weapon. According to the former president, the US abuses the privilege of US currency for political purposes, harms countries and turns the dollar into an instrument of pressure and control. “The US is abusing the privilege of the dollar to weaponize it,” she said. This observation suggests that Dilma supports the quest for greater diversification of international currencies used in commercial and financial transactions, thereby reducing overreliance on the dollar.
In addition, Dilma highlighted dissociation and risk elimination (derisking) as policies to prevent the rise of new players on the global stage. In her opinion, this practice can be harmful for emerging and developing countries that want to become protagonists of the global economy. By raising this issue, the President of the BRICS bank emphasizes the importance of ensuring equal opportunities for all countries and avoiding the introduction of unfair barriers.
Referring to China’s rise as an economic powerhouse, Dilma mentioned that it is difficult to contain Chinese growth and compared this with Japan’s experience. This observation suggests that the former President believes that China has significant growth potential and that restrictive measures taken against Japan in the past would have no effect against China today. “It is difficult to contain China like Japan was, and China’s poverty alleviation achievements serve as a model for the world,” he said.
While still attending the forum, Rousseff praised China’s achievements in reducing poverty and highlighted it as a role model for the world. The President of the BRICS bank recognized the Asian country’s efforts to drastically reduce the number of people living in extreme poverty, underscoring the importance of commitment and policies aimed at social and economic development.
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