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

DR Congo still looking for investors for the world’s biggest hydropower project

The Democratic Republic of Congo (DRC) is actively seeking partners for the ambitious Grand Inga hydropower project, the largest of its kind globally. Talks with Australian billionaire Andrew Forrest and his company, Fortescue Future Industries Ltd., have slowed down, but President Felix Tshisekedi is optimistic about other potential partners.

Standard Lithium JV secures $225M U.S. grant for direct lithium extraction facility

Standard Lithium announced on Thursday that SWA Lithium, its joint venture with energy firm Equinor, has secured a $225 million grant from the U.S. Department of Energy (DoE). The grant, provided by the DoE’s Office of Manufacturing & Energy Supply Chains, will support the construction of phase one of the South West Arkansas…

Commodity trading giants continue streak of extraordinary profits in 2023

In 2023, the world’s largest commodity traders continued to reap extraordinary profits for the second consecutive year, fueled by the aftermath of Russia’s invasion of Ukraine and ongoing opportunities in physical trading amid reduced price volatility. Vitol Group recorded an astounding $13 billion…

Stay informed

error: Content is protected !!