Xi pushes 'Greater BRICS' economic ties
Cooperation in areas from politics and security to economics and finance are the main focus areas of the grouping, with 2026 chair India and 2027 chair China seeking wider partnership to boost its global clout.
Chinese President Xi Jinping announced several initiatives to strengthen cooperation among the BRICS emerging economies, aiming to expand the grouping's global influence. The focus areas include politics, security, economics, and finance. India will chair the grouping in 2026, while China will hold the chairmanship from 2027. Xi emphasized the need to lay a strong foundation for practical cooperation, urging the nations to enhance cooperation, maintain supply chain stability, and create an integrated market.
China plans to establish a BRICS AI Open Source Zone, promote a BRICS Special Economic Zone partnership, and host a BRICS Service Trade Forum next year to boost trade and investment ties.
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