China warns towards increasing army alliances and weaponising financial sanctions.
The world’s high 5 rising economies – Brazil, Russia, India, China and South Africa, referred to as BRICS – are holding their annual summit nearly for the third time this yr as a result of pandemic.
The assembly is happening towards a fancy geopolitical backdrop, from the warfare in Ukraine and commerce disputes between China and the US, to a world economic system making an attempt to get better from the fallout of COVID-19.
Chinese President Xi Jinping – who’s internet hosting this yr’s summit – has criticised the West’s dealing with of the Ukraine disaster and referred to as for co-ordination to stop disruptions to the worldwide financial restoration.
But what function can the BRICS play?
Presenter: Hashem Ahelbarra
Einar Tangen – Senior fellow on the Taihe Institute
Sanusha Naidu – Senior analysis fellow on the Institute for Global Dialogue, a South African suppose tank specializing in China and Africa
Nancy Snow – Visiting distinguished professor at Tsinghua University’s Schwarzman Scholars programme