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We need to adjust our economic structure, achieve development of better quality, build closer economic partnership, boost the building of an open world economy and establish a global development partnership
Wednesday, April 10, 2024
The Latest BRICS’ Expansion (But Probably Not the Last)
On August 4th, 2023, the 15th annual BRICS summit concluded in Johannesburg, South Africa. The headline of the event was the group’s plan to expand its membership for only the second time in its two-decade history
The BRICS bloc is a growing home for nations eager to counter the West's position, or at least hedge their bets when it comes to international trade, development support, and conflicts
Multilateral institutions reflect the power realities of the time of their inception. As the balance of those power realities change, so too, does their efficacy become a matter of interrogation
With numerous Western brands having left the Russian market at the onset of its war with Ukraine, more Chinese and Russian brands are sizing up opportunities in each others' markets
Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc
About 92 percent of trade settlement between Russia and China is now conducted in Russian rubles and Chinese yuan, Russian Deputy Prime Minister Alexei Overchuk said at the Boao Forum for Asia in South China's Hainan Province
New doors for trade and investment will be opened under the supervision of developed countries like China and Russia