As global power dynamics shift, China is rallying BRICS partners to strengthen cooperation and defend multilateralism – and the numbers speak volumes. The BRICS New Development Bank (NDB), headquartered in Shanghai, has financed 100+ projects worth $40 billion in infrastructure, clean energy, and digital development over the past decade. Think of it as the ultimate squad move for emerging economies 🚀.
From Vision to Action
Chinese President Xi Jinping recently spotlighted the NDB as a 'pioneering initiative for Global South unity' during a visit to its Shanghai HQ. At Monday's Virtual BRICS Summit, he doubled down on collaboration, urging members to uphold 'openness, inclusiveness, and win-win cooperation' while reforming global governance systems.
Three-Point Playbook
Xi outlined key proposals for BRICS nations:
🔹 Defend international fairness through multilateralism
🔹 Protect global trade rules against protectionism
🔹 Boost development synergy via solidarity
The newly introduced Global Governance Initiative (GGI) – China's blueprint for fairer global systems – received UN Secretary-General António Guterres' endorsement as 'anchored in multilateralism.' Brazilian presidential advisor Celso Amorim praised the plan as crucial counterbalance to countries 'ignoring international rules.'
Why This Matters
With 85% of the world's population represented in BRICS, this push could reshape how nations tackle climate change, digital divides, and economic inequality. As Xi noted: 'Multilateralism isn’t just trending – it’s survival mode for our shared future.' 🌐🤝
