BRICS Summit: Powering Multilateral Progress
The added clout of six new members, local currency trade optimization, and developing world representation jointly underscore that collective action.
The added clout of six new members, local currency trade optimization, and developing world representation jointly underscore that collective action.
BRICS, by harnessing its collective strengths and leveraging common interests, continues to challenge the unfair global dominance of traditional powers. It seeks to promote multipolarity and a world that does not marginalize anyone.
China, and indeed the other BRICS members, do want to create multipolarity to replace what has long been and to some extent remains a unipolar world order.
The Chinese economy will not collapse and when China enters a strong economic rebound, Hong Kong will benefit immensely from it.
BRICS is about achieving an equal international environment premised on multipolarity where each state can successfully attain its right to development in conjunction with national sovereignty.
BRICS, as a powerful voice for the Global South, will deliver a more fair and just world order.
The Johannesburg BRICS Summit will amplify the voice of the Global South while strengthening the position of BRICS as the new leaders of global governance.
Washington is taking a huge gamble with its current approach, one which premises significant risks on the assumption of uncertain outcomes.
BRICS countries have not only sustained but fortified their economic and trade ties, delivering tangible benefits to global economic governance and fostering resilience in the global economy.
The world is no longer as it was, unipolar-centric around one country. Many countries have the need to make their voice heard by the world.
Under the BRICS mechanism, China-South Africa economic cooperation has expanded to cover all sectors.
If you look at where economic growth has come from globally, I’d say over the last 10 years, the biggest economic contributor by far is China.