Brazilian President Jair Bolsonaro and Chinese President Xi Jinping praised their countries' strong bilateral relations at a meeting on Wednesday, as sources said a Chinese state firm was prepared to announce a major Brazil port investment. The leaders' comments showed how far relations have come ...
At BRICS summit, Modi accuses Pakistan of being 'mother-ship of terrorism'
Indian Prime Minister Narendra Modi branded Pakistan a "mother-ship of terrorism" at a summit of the BRICS nations on Sunday, testing the cohesion of a group whose heavyweight member China is a close ally of its South Asian archrival. Modi's remarks to a meeting of ...
No end in sight to once-booming Brazil's crises
No one knows where the Latin American nation's mix of economic disappointment and political disillusion is leading.
China heralds boost for emerging nations with BRICS Bank opening
The biggest emerging economies opened their New Development Bank in Shanghai on Tuesday, strengthening China's ability to offer developing nations the support traditionally given by the U.S. and Japan through organizations like the World Bank. The NDB — or BRICS Bank as it is known ...
China's new international growth agenda
China now has a strategy to ensure its economic transformation benefits other countries in Asia and beyond.
Can the BRICS fulfill their former promise?
The ability of the BRICS countries to develop institutions that support greater economic freedom, with more reliance on market competition and less on government, will likely be the main determinant of their long-term success.
According to one forecast, most BRIC economies will fail to meet long-range growth expectations.
All five BRICS countries — Brazil, Russia, India, China and South Africa — have vested interests in developing long-term alternative financial institutions for parking their money and moving it internationally, independent of the West's bullying instincts and addiction to sanctions.
Building global support for a new economic balance
The proposed BRICS-led development bank sounds promising for developing countries in Asia and Africa, as it may exercise indirect influence on the activities of those development banks that reflect the intentions of their national governments.
Western countries' insensitivity toward others' voices, values and interests lies behind the creation and evolution of BRICS (Brazil, Russia, India, China and South Africa), whose New Development Bank will give priority to loans for developing countries to finance infrastructure projects and industrialization.
Success of Chinese reform is key to BRICS' rise
Last week, BRICS (Brazil, Russia, India, China and South Africa) took a decisive step toward building institutions that could plausibly challenge the long geopolitical and economic ascendancy of the West. But Vladimir Putin's posturing at the meeting just hours before a Malaysia Airlines jetliner ...
The financial heft of the BRICS group — Brazil, Russia, China, India and South Africa — has just advanced a step, at least symbolically, with its decision to launch the New Development Bank. A $100 billion reserve fund will be available to members that ...
