The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Beijing must be prepared for the demise of the original framework of engaging Washington, and the volatility of the relationship that follows. It should consider a return to Deng Xiaoping’s original admonition to curb its global ambitions, and re-evaluate the entire Belt and Road Initiative, writes Valdai Club expert Xiang Lanxin
ILO Director-General Guy Ryder has welcomed the commitment made by Brazil, Russia, India, China and South Africa (the BRICS countries) to take more action to support labour markets in meeting the unprecedented challenge of COVID-19