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

Supply disruptions, demand growth, and speculative activity drive up tin prices

The recent surge in tin prices on the London Metal Exchange (LME) has put the spotlight on this often-overlooked metal, raising concerns about a potential short squeeze. Several factors have contributed to tin’s rapid ascent and the tightening grip of a dominant trader, known as the “big bull,” in the market…

Denmark and US forge long-term defense alliance with 10-year agreement

Denmark has entered into a 10-year defense agreement with the United States, marking a significant development in their military cooperation. Prime Minister Mette Frederiksen announced the agreement, revealing that it would permit U.S. soldiers and military equipment to have…

Asian LNG imports hit record highs in March amid dropping prices

Global liquefied natural gas (LNG) supplies are shifting back to Asia as a result of a drop in prices, prompting increased purchases from emerging nations. n March, shipments to Asia reached approximately 24 million tons, marking a 12% increase compared to the previous year and the highest…

Stay informed

error: Content is protected !!