Xi to attend BRICS Summit in South Africa next week

Chinese President Xi Jinping is set to attend the BRICS leaders’ meeting and visit South Africa from August 21 to 24. The BRICS summit brings together leaders from Brazil, Russia, India, China, and South Africa, aiming to discuss ways to enhance their collective influence on the global stage.

The BRICS countries collectively account for a quarter of the global economy and are seeking to challenge the dominance of Western powers in global affairs. The leaders’ meeting in Johannesburg will focus on expanding the group’s influence and potentially welcoming new members.

Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will attend the summit via a video call instead of being present in person.

Approximately 40 nations have expressed interest in joining BRICS, either formally or informally, with countries like Saudi Arabia, Argentina, and Egypt showing interest. China has been supportive of expansion as it aims to increase its global influence, while Russia is also in favor of expansion. However, Brazil is cautious about expansion, fearing that it could dilute the club’s standing. India’s stance on expansion remains uncertain.

In addition to participating in the BRICS meeting, President Xi will co-chair the China-Africa Leaders’ Dialogue with South African President Cyril Ramaphosa. This reflects China’s ongoing efforts to strengthen its relationships with African nations and promote its geopolitical influence in the region.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

EU to investigate weaponization of critical technologies

The European Commission is embarking on a strategic assessment of the potential risks associated with four critical technologies—semiconductors, artificial intelligence, quantum technologies, and biotechnologies. The aim is to evaluate the possibility of these technologies being weaponized by nations that do not align with the values and interests of the EU.

Suriname’s bauxite deposits create foreign investment opportunities

A bauxite project in western Suriname has reportedly drawn informal interest from companies based in India, China, and the Middle East, according to a Surinamese official. This bauxite project could attract billions in investments and is located in the Bakhuis region of the jungle…

American Lithium sets ambitious 2027 target to open Peru’s first lithium mine

Macusani Yellowcake, a subsidiary of American Lithium, is embarking on an ambitious endeavor in Peru—to open the country’s first lithium mine at an unprecedented pace despite the often slow permitting processes that frequently stall projects for years. Ulises Solis, the CEO of Macusani Yellowcake, expressed optimism about the project’s potential, aiming for operations to commence in 2027.

Stay informed

error: Content is protected !!