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.
It is often mentioned that the Chinese term for crisis – “Weiji” – is made up of two characters: the first can mean “dangerous,” and the second, “opportunity.” We may hope that the currently unfolding monetary crisis – potentially far worse than that of 2008 – will be the sharp prod for major nations to take the opportunity for bold action to form a new monetary arrangement. This arrangement must dry out the global speculative bubble and focus on investment in great projects of trans-national infrastructure, especially in the developing sector
Russian and Chinese experts have developed a joint concept of what can become the world's first large telescope to be assembled in space by supervised robotic manipulators, Mikhail Sachkov, the deputy director of the Institute of Astronomy at the Russian Academy of Sciences which develops the project on the Russian end, said
Prime Minister Narendra Modi and Russian President Vladimir Putin discussed regional and global issues and underlined the great similarity and convergence in the approaches of the two countries in ensuring regional and global security, peace and stability