Aerial photo taken on June 17, 2022 shows the headquarters building of the New Development Bank (NDB), also known as the BRICS bank, in east China’s Shanghai. (Xinhua/Fang Zhe)

As the world grapples with a series of challenges, it is looking forward to listening to the voices of the BRICS countries as well as other emerging economies at the upcoming gathering.

BEIJING, June 21 (Xinhua) — Chinese President Xi Jinping is expected to host the 14th BRICS Summit and the High-level Dialogue on Global Development, and attend the opening ceremony of the BRICS Business Forum in virtual format later this week.

As the world grapples with a series of challenges, it is looking forward to listening to the voices of the BRICS countries as well as other emerging economies at the upcoming gathering.

At the opening of the BRICS Business Forum in 2017, the last time China was the BRICS chair, Xi delivered a keynote speech titled, Working Together to Usher in the Second “Golden Decade” of BRICS Cooperation, outlining an optimistic future for BRICS cooperation.

In the first half of the second “golden decade” of BRICS cooperation, China has put forward practical proposals and plans and contributed its wisdom and strength.

Five years have passed since 2017, with China again assuming the BRICS chairmanship.

The medical supplies donated by China arrive at Or Tambo International Airport in Johannesburg, South Africa, April 14, 2020. (Chinese Embassy in South Africa/Handout via Xinhua)

While the COVID-19 pandemic and major changes both unseen in a century pose grave challenges to global security and development, China is promoting a BRICS more focused on high-quality development, opening-up and cooperation, deepening the group’s partnership and working toward a future of equity, justice, peace and prosperity for the world.

Under China’s chairmanship, the international community expects that any consensus reached at the BRICS Summit and other relevant events will be the “golden key” to helping all countries, especially developing ones, better address challenges and bolster development.

“The BRICS countries in the year 2022 become all the more important,” said Herman Tiu Laurel, founder of Philippine BRICS Strategic Studies, stressing that the mechanism allows the BRICS countries “to lead the world out of this quagmire of conflict, and tension, and focus again the attention of the global community on development.”

The international community also expects the mechanism to become more open and inclusive and push for a more just and equitable global governance system.

Photo taken on Nov. 22, 2021 shows wind turbines of the De Aar wind power project in De Aar, South Africa. (Xinhua/Lyu Tianran)

Since the BRICS mechanism was established 16 years ago, cooperation has been vital. Member countries and other developing nations benefited from an expansion in energy infrastructure, green finance and the digital economy.

South African President Cyril Ramaphosa said that a number of other countries wanting to join in BRICS “speak volumes about the confidence that many of other countries are having in BRICS.”

“People see BRICS as a very attractive bloc,” he noted.

In recent years, the BRICS mechanism has witnessed several achievements, including establishing the New Development Bank and the BRICS Contingent Reserve Arrangement.

In 2021, the total volume of trade in goods of BRICS countries increased 33.4 percent year on year. Launched in December 2020, the BRICS Partnership on New Industrial Revolution Innovation Center has provided more than 120,000 training opportunities in 28 countries and carried out over 100 pilot projects.

Since the beginning of the year, China has continuously promoted the “BRICS Plus” cooperation model, epitomizing China’s adherence to the BRICS spirit of openness, inclusiveness and win-win cooperation.

The high expectations of China’s chairmanship stem from the international community’s appreciation for China’s global governance philosophy, which emphasizes extensive consultation, joint contribution and shared benefits.

An elderly person receives a dose of China’s COVID-19 vaccine in Brasilia, Brazil, Jan. 22, 2021. (Photo by Lucio Tavora/Xinhua)

Since assuming the BRICS chairmanship earlier this year, China has held more than 70 conferences and activities, covering politics, security, trade and finance, people-to-people exchanges, sustainable development and public health.

China’s continuous contribution to the BRICS, which cover over 40 percent of the world’s population and about a quarter of the global economy, has boosted global confidence in the mechanism.

Kin Phea, director-general of the International Relations Institute at the Royal Academy of Cambodia, told Xinhua the next five years of BRICS collaboration could benefit the world.

The ‘BRICS Plus’ and the initiatives China proposed “will be catalysts for global economic growth, sustainable common development and an equitable security system,” Kin said.

BEIJING, June 20 (Xinhua) — The 14th BRICS Summit is slated to be held under China’s chairmanship this week, at a time when the emerging markets and developing countries are coping with an increasingly volatile world.

The summit and two other related high-level events — the High-level Dialogue on Global Development and the BRICS Business Forum, running from Wednesday through Friday, will gather online the leaders of the world’s five prominent emerging markets — Brazil, Russia, India, China, and South Africa — as well as leaders from other developing countries.

Global watchers will be keeping tabs on the events, as BRICS countries are home to nearly 42 percent of the world’s population and account for about a quarter of the global economy. Their interaction and cooperation play a crucial role in shaping the world’s political and economic landscapes.

Over the years, Chinese President Xi Jinping has used at least three catchphrases to describe BRICS cooperation. These pearls of wisdom may offer some insights into the workings of this mechanism underpinned by five heavyweight developing countries.

– FINGERS AND FIST

During the seventh BRICS Summit in 2015, Xi likened the five BRICS countries to five fingers, different in length when stretched out, but making a clenched fist when drawn together.

Xi’s remarks vividly expound on the respective potential and advantages of the five countries, and the solidarity and synergy that BRICS exudes.

Over the years, BRICS countries have blazed a path of forging partnerships rather than alliances, while upholding mutual respect and common progress.

The closer ties among BRICS countries have been manifested in the joint fight against the COVID-19 pandemic.

— NOT A TALKING SHOP, BUT A TASK FORCE

In 2017, Xi pointed out that “BRICS is not a talking shop, but a task force that gets things done.”

BRICS cooperation has been upgraded from a foreign ministers’ meeting mechanism to the mechanism of BRICS leaders’ meeting, and in the meantime established a number of cooperative mechanisms, such as the New Development Bank (NDB), the Contingent Reserve Arrangement, and the BRICS Business Council, to propel pragmatic collaboration in multiple areas.

The goods trade among BRICS countries reached 8.55 trillion U.S. dollars in 2021, up 33.4 percent year on year. The establishment of the NDB is another fine example. Since the beginning of its operations, the bank has approved about 80 projects and handed out 30 billion U.S. dollars in loans.

Earlier this month, BRICS economic and trade ministers pledged to deepen cooperation in fields including digital economy, trade investment and sustainable development, the supply chain and multilateral trade mechanisms.

Deepened cooperation has also been nailed down in areas such as aerospace, information and communications, environment, new energy, and biotechnology.

The BRICS Partnership on New Industrial Revolution will be taken as the starting point to promote BRICS economic cooperation in the next phase. China has been actively leading and boosting the partnership, focusing on cooperation in the digital industry and transforming industries with digital technologies, and setting up an innovation center in Xiamen, east China’s Fujian Province.

— A BIGGER PIE

BRICS cooperation is already about more than the five countries. Since its inception, the cooperative mechanism has closely related its future to the fortunes of the emerging markets and developing countries.

“The development of emerging markets and developing countries is not intended to move the cheese of anyone but to make the pie of the global economy bigger,” Xi said in a keynote speech at the opening ceremony of the BRICS Business Forum in 2017.

At the BRICS Xiamen Summit in 2017, the well-received “BRICS Plus” approach was adopted. It is designed to strengthen the unity and coordination among BRICS members for greater cohesion, and to keep broadening the BRICS “circle of friends” in a joint pursuit of shared development and prosperity for all emerging markets and developing countries.

The approach explores cooperation within the United Nations, the G20, and other frameworks to advance the common interests and boost

the common interests and boost the development space for emerging markets and developing countries, thus contributing more to world peace and development through broader partnerships.

The High-level Dialogue on Global Development will be held virtually on Friday. BRICS leaders and leaders of relevant emerging markets and developing countries will attend the meeting on fostering a global development partnership for the new era to jointly implement the UN 2030 Agenda for Sustainable Development.

ON POLITICAL AND SECURITY COOPERATION

“We are in a great era of development, transformation and adjustment. Although conflict and poverty are yet to be eliminated globally, the trend toward peace and development has grown ever stronger,” Xi said at the opening ceremony of the BRICS Business Forum on Sept. 3, 2017.

“Our world today is becoming increasingly multipolar; the economy has become globalized; there is growing cultural diversity; and the society has become digitized. The law of the jungle where the strong prey on the weak and the zero-sum game are rejected, and peace, development and win-win cooperation have become the shared aspiration of all peoples,” he said.

Photo taken on Dec. 8, 2020 shows the launch ceremony of the BRICS Partnership on New Industrial Revolution innovation center in Xiamen, southeast China’s Fujian Province. (Xinhua/Lin Shanchuan)

ON WORLD ECONOMY

“We should promote the building of an open global economy, advance trade and investment liberalization and facilitation, jointly build new global value chains, and rebalance economic globalization,” Xi said at the opening ceremony of the BRICS Business Forum in 2017, noting: “Doing so will bring benefits to people across the world.”

“We five countries should open more to each other, expand converging interests in this process, take an inclusive approach and share opportunities, so as to create even brighter prospects for growing the economies of the five countries,” Xi added.

At the 12th BRICS Summit on Nov. 17, 2020, Xi said: “COVID-19 is a challenge we have to face head-on. We need to call on the international community to place the implementation of the 2030 Agenda for Sustainable Development at the heart of international development cooperation. Poverty eradication must be made a primary goal, and more resources must be channeled to poverty reduction, education, health and infrastructure development.”

“We need to support the UN’s coordinating role and foster global development partnerships that are more equal and balanced, so that the fruits of development will spread to more developing countries and the needs of underprivileged groups will be better addressed,” he also stressed.

A visitor views photos during the third edition of the BRICS Media Joint Photo Exhibition in Sao Paulo, Brazil, Oct. 30, 2019. (Xinhua/Xin Yuewei)

ON PEOPLE-TO-PEOPLE EXCHANGES

“The successful cooperation of the BRICS countries proves that different social systems can accommodate each other, that different development models can work with each other and that different values can draw on the strength of each other. We should stay open and inclusive so as to learn from each other and make progress together through seeking common ground while putting aside differences,” Xi said at the Seventh BRICS Summit on July 9, 2015.

“We the BRICS countries boast great civilizations. When it comes to cultural and people-to-people exchanges, there is a lot we can do together,” the president said at the plenary session of the BRICS Johannesburg Summit on July 26, 2018.

“We should aim at greater people-to-people connectivity and more popular support for BRICS cooperation through extensive exchanges in cultural, educational, health, sports, tourism and other areas,” he added.

At the plenary session of the BRICS Brasilia Summit on Nov. 14, 2019, Xi noted: “We need to sustain and build up this momentum to take our people-to-people exchanges to greater breadth and depth. On that basis, we can leverage ‘BRICS Plus’ cooperation as a platform to increase dialogue with other countries and civilizations and win BRICS more friends and partners.”  ■