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Over the past week in davos, Switzerland, Brazilian President michel temer welcomed Beijing's invitation for Latin American countries to closely participate in China's "One Belt And One Road" initiative, according to a January article on the New York times website. At the other end of the spectrum, Pakistani prime minister shahid hakan abbasi, speaking at a breakfast, praised China's rapid expansion of investment in Pakistan, including the construction of power plants and large ports.



In davos, Brazilian President michel temer said he was not worried about China's growing influence in South America. China has increased its investments in Brazil and lent heavily to venezuela and Ecuador.



Mr Temer also said he was not concerned about China's strong interest in buying stakes in Brazil's power transmission and other sectors. "The United States has investments in Brazil," he said.



World leaders appeared to be competing in davos to call for greater cooperation with China, the article said. Speaking at a breakfast for business executives and news media, Pakistani prime minister shahid khaqan abbasi added that on the financial and environmental aspects of the One Belt And One Road initiative, "I can tell you that so far we have been winners on both sides."


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