Last week’s BRICS Summit, the 11th since the first BRIC Leaders Summit in 2009, appears to have been different from previous meetings for two important reasons. Firstly, there was a lot more media coverage than normal, and secondly, there were some real tangible outcomes and a focus on trade, investment and business, rather than just geo-politics.
According to CGTN “Chinese President Xi Jinping called on the BRICS Business Council and the New Development Bank to make greater contributions to the economic and social development of the BRICS countries as well as the emerging-market economies and developing countries in general. Xi said the emerging new industrial revolution has brought not just opportunities, but also challenges like deficits, imbalances and a rise of protectionism”.
He hoped the BRICS Business Council and New Development Bank can play a bigger role in boosting trade and financial cooperation to create a better synergy on growth. Xi said the New Development Bank can provide more knowledge and financing services to develop digital and green technologies. He added that BRICS leaders are looking forward to more policy suggestions from the two institutions, so that they can better improve the environment for business and investment”.
CGTN interviewed me on this topic which you can watch by clicking on this link: