China’s approach of issuing productive credit to these nations will help them escape the debt trap in which they have been ensnared for a long time. China and the BRI are part of the solution to debt problems rather than their cause.
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.
The process of forming a multipolar world order is underway, a dynamic and irreversible process.
Argentina’s President Javier Milei has dramatically shifted his stance on China, moving from hostile rhetoric to pragmatic engagement as economic realities urge a rethinking of bilateral ties with Beijing.
Brazil is shifting focus to Global South partnerships, seeking economic growth and infrastructure development through BRICS and the Belt and Road Initiative.
BRICS is an ethos in which the conduct and interactions of member states are shaped by mutual respect and acceptance of differences, as well as a shared commitment to identifying and addressing common challenges.
Amid growing protectionism, geopolitical conflicts, trade tensions, and hampered global collaboration, China and Africa have seen deeper trade integration and international cooperation through multilateral mechanisms like the FOCAC.
The high level of attendance reflects the strong bond between China and Africa, their trust in each other, and their determination to counter challenges and grow together.
The Forum on China-Africa Cooperation has evolved from a multilateral coordination mechanism into a model of South-South cooperation.
Despite Western criticism, China-Africa ties have continued to flourish. The upcoming Forum on China-Africa Cooperation in Beijing highlights this expanding relationship.
Chinese modernization is set to open new markets and create cooperation opportunities for the Global South, injecting strong impetus into worldwide modernization.
China’s high-quality development strategy is expected to benefit other developing countries, including the least developed ones.