Fernando Haddad, Brazil's finance minister, during a news conference with Chinese President Xi Jinping and Brazil's Luiz Inacio Lula da Silva, not pictured, at the Alvorada Palace in Brasilia, Brazil, on Wednesday, Nov. 20, 2024. China and Brazil agreed to combine efforts between their infrastructure plans during their talks in Brasilia today, as Brazil's embrace of Beijing underscores an ongoing shift away from the US as it seeks to move up the value chain and develop economically. Photographer: Ton Molina/Bloomberg via Getty Images