BRICS Nations Chart Path to a Fairer World Order
Chinese visions increasingly describe the shared aspirations of the Global South, serving as major catalysts for a fairer world order and a new solidarity, represented by BRICS and similar projects.
Chinese visions increasingly describe the shared aspirations of the Global South, serving as major catalysts for a fairer world order and a new solidarity, represented by BRICS and similar projects.
From a global perspective, the policies introduced by China are meaningful not only for China’s benefit but also for global economic growth and the stability of the current global economic and financial landscape.
BRICS countries should fully leverage the new circumstances of the group’s expansion and the agenda set at the 2024 summit in Kazan, Russia, to achieve more across supply chains, trade and finance. This will effectively counter external interference and continue to shape new dynamics.
As the stock market warms up, the property market picks up and consumption burgeons, shored up by incremental policies, China is on track to achieve its 2024 growth target.
The collaboration between China and Mongolia in combating desertification is a powerful testament to the potential of regional cooperation in addressing shared ecological threats.
The government aims not to merely react to market conditions, but to actively intervene and lead in areas where market forces alone may not serve the country’s long-term strategic interests.
China’s digital cultural products, including video games, online literature, and dramas, have become mediums for sharing Chinese culture globally, enhancing cultural understanding and exchange.
China’s concept of democracy presents a stark contrast to familiar Western models. Instead of dismissing or fearing this different approach, engaging with and seeking to understand it can serve as a worthwhile reflection on Western systems and assumptions.
Undoubtedly, boosting consumption should be our consistent focus not only for the immediate term, but for the future. To this end, further policies and measures, both incremental and structural, are needed to energetically increase the employment and people’s disposable income.
Given China’s modernization strategy is largely based on innovation in science and technology, sustained high R&D spending is essential to its success.
China’s diversity, robust policy support and increased international appeal drove the ‘golden week’ tourism boom.
Though the legal system for IP protection in some Western developed countries is already very mature, in terms of the capability of the government to advance innovation, China leads the world.