16:26⇢Dragon Meets Samba as Loans Sour
⌨The newspapers report extensively on Xi's diplomatic engagement with Brazil, with broad coverage of talks between Xi and Lula (Beijing Daily, China Daily, Global Times, Xinhua, People's Daily). A significant economic report reveals troubles with pandemic-era small business loans, as borrowers misused funds for real estate speculation (Caixin Global), while property sales fail to rescue listed companies due to low asset values (Economic Observer).