Affected by the continuous spread of the COVID-19 pandemic, the 12th BRICS (an acronym coined for the five major emerging national economies: Brazil, Russia, India, China, and South Africa) Summit, originally scheduled to be held at the end of July 2020, will be held Tuesday via virtual conference....More

Shortly before the 11th BRICS summit in Brazilian capital Brasilia on Wednesday and Thursday, Bloomberg published an article - "BRICS Is About Geopolitics, Not Economics," saying "The acronym no longer makes much financial sense. But the idea is more politically relevant than ever." Such a view does not...More

The 11th BRICS Summit in Brasilia, the capital of Brazil, is approaching, but we can guess what will be discussed among leaders from Brazil, Russia, India, China and South Africa. They are expected to offer their ideas on upholding the multipolar world order and challenge Western dominance and...More

Beijing. An alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) global payment system, which is being drawn up by China, Russia and India, has a fair chance to end the dominance of the US dollar in the global financial sector, Chinese analysts said Tuesday. Russian news...More