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

Polymetal International announces $3.69 billion deal to sell Russian assets

Polymetal International announced on Monday that it has reached an agreement to sell its Russian assets in a deal worth $3.69 billion, which takes into account the debt of the Russian business. The decision to divest its Russian assets comes after they were subjected to U.S. sanctions in 2023 following…

Northvolt explores sourcing cobalt from the Democratic Republic of Congo

Swedish battery manufacturer Northvolt is exploring the possibility of sourcing cobalt, a crucial component in electric vehicle (EV) batteries, from the Democratic Republic of Congo (DRC). The company has conducted trials, studied work processes, and assessed plans to enhance social and…

Iron ore and copper prices dip as China’s markets reopen

Iron ore prices experienced a decline following a five-day streak of gains, while copper also saw a drop as China’s markets reopened, prompting investors to assess the near-term demand outlook in the world’s largest metals consumer. Iron ore futures retreated from their recent highs, falling…

Stay informed

error: Content is protected !!