China, a significant emerging economy attempting to exert its political and economic dominance on the global arena, lent its support on Tuesday to plans to broaden the loosely defined BRICS club of large emerging nations.
The BRICS countries – Brazil, Russia, India, China, and South Africa – represent a fourth of the world economy.
The BRICS-Nations are meeting for three days, and there has been a significant increase in interest in joining the club.
At the opening of the BRICS Meeting in South Africa, President Xi Jinping stated that „hegemonism is not in China’s DNA“, in a speech that was delivered on his behalf by his Commerce Minister Wang Wentao.
According to him, the goal of the meetings in Johannesburg is to „expand the architect of peace and development”, not to „ask countries to take sides or create blob confrontation.”
„Whatever resistance there may be, BRICS, a positive and stable force for goodwill, continue to grow“, he declared. We promise to „build a stronger BRICS strategic partnership”, „actively advance membership expansion”, and „contribute to a more just and equitable global order”.
China is the BRICS country with the largest economy, and President Xi is currently on his second international trip of the year, which coincides with Beijing’s efforts to swiftly increase the number of BRICS members.