• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

China hosts BRICS meeting amid rising economic concerns

June 23, 2022
in Politics
0
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter



Chinese President Xi Jinping on Thursday is hosting a virtual summit with the leaders of Brazil, Russia, India and South Africa collectively known as the “BRICS,” amid rising concerns over the global economic outlook and a growing political divide between Beijing and New Delhi.

While no agenda has been issued for the talks, Ukraine is likely to feature heavily in the background. China has refused to condemn Russia’s invasion while criticizing sanctions brought against Moscow. India has bought large amounts of Russian oil at a heavy discount, and South Africa abstained on a United Nations vote condemning Russia’s actions.

Along with Xi, Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, South African President Cyril Ramaphosa and Brazilian President Jair Bolsonaro are scheduled to join the two days of discussions.

China has sought to use the BRICS meetings to further its vision of an alliance to counter the U.S.-led liberal democratic world order while expanding its economic and political footprint.

That has produced few tangible results, but Xi remains committed to the idea of an alternative — and principally authoritarian — global governance mode, investing heavily in countries like Cambodia while cracking down on civil rights in Hong Kong and boosting its military to assert its claims in the South China Sea and threats to annex Taiwan by force.

In an address to the BRICS Economic Summit on Wednesday, Xi said the conflict in Ukraine has “sounded an alarm for humanity,” continuing its formal position of neutrality while backing its ally Russia.

Xi said imposing sanctions could act as a “boomerang” and a “double-edged sword,” and that the global community would suffer from “politicizing, mechanizing and weaponizing” global economic trends and financial flows.

“Economic globalization is an objective requirement for the development of productive forces and an irresistible historical trend,” Xi said.

In a recorded video, Bolsonaro made no mention of any country and said that “the current international context is a cause for concern because of the risks to trade and investment flows to the stability of energy supply chains and investment.”

“Brazil’s response to these challenges is not to close itself off. On the contrary, we have sought to deepen our economic integration,” he added.

The BRICS collective was founded in 2009 when the countries were seen as the potential engine for future global economic growth.

Since then, South Africa and Brazil have seen their economies become mired in crisis while China’s growth has sharply declined and Russia has become embroiled in its invasion of Ukraine and punishing economic sanctions imposed by the West.

China and India have meanwhile feuded over their disputed border and New Delhi’s defense partnership with the U.S., Japan and Australia in what is known as “The Quad.” Skirmishes along the frontier resulted in a major standoff in 2020 leading to casualties on both sides.

Previous Post

What Is a W-9 Form and How Is It Used? A Guide

Next Post

How to make your upcoming flight as smooth as possible

Related Posts

Kamala Harris visits scene of July 4 parade shooting
Politics

Kamala Harris visits scene of July 4 parade shooting

HIGHLAND PARK, Ill. — Vice President...

Read more
Letter by former top civil servant accuses No 10 of lying…again
Politics

Letter by former top civil servant accuses No 10 of lying…again

Boris Johnson was briefed “in...

Read more
Will gas prices get Republicans control of the U.S. House? – The Mercury News
Politics

Will gas prices get Republicans control of the U.S. House? – The Mercury News

If control of the House...

Read more
Boris Johnson latest news: PM under fire over Chris Pincher’s appointment amid mounting allegations
Politics

Boris Johnson latest news: PM under fire over Chris Pincher’s appointment amid mounting allegations

Russian state TV presenter says...

Read more
Harvard law professor predicts indictment of Donald Trump is coming
Politics

Harvard law professor predicts indictment of Donald Trump is coming

A Harvard law professor whose...

Read more
Load More
Next Post

How to make your upcoming flight as smooth as possible

  • Trending
  • Comments
  • Latest
I’m a recent widow. I’m building a house on my son’s and daughter-in-law’s land. Do I have legal ownership? What if they decide to sell, divorce, or die before me?

I’m a recent widow. I’m building a house on my son’s and daughter-in-law’s land. Do I have legal ownership? What if they decide to sell, divorce, or die before me?

Flight Attendant Escorts Abandoned Senior Dog Cross-Country To His New Forever Family

Flight Attendant Escorts Abandoned Senior Dog Cross-Country To His New Forever Family

Six times actors really romped in sex scenes that make 365 DNI look tame

Six times actors really romped in sex scenes that make 365 DNI look tame

How old is Simon Cowell’s son Eric and who is his mother?

How old is Simon Cowell’s son Eric and who is his mother?

Rafael Nadal’s Coach Roig Ahead Of Fritz Clash: ‘We Can Be Happy’ | ATP Tour

Rafael Nadal’s Coach Roig Ahead Of Fritz Clash: ‘We Can Be Happy’ | ATP Tour

“BA.5 Is The Worst Version Of The Virus That We’ve Seen” – Deadline

“BA.5 Is The Worst Version Of The Virus That We’ve Seen” – Deadline

To beat the summer heat, passive cooling really works

To beat the summer heat, passive cooling really works

Vitamin D can stave off autoimmune diseases, study claims

You can overdose on vitamin D

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Rafael Nadal’s Coach Roig Ahead Of Fritz Clash: ‘We Can Be Happy’ | ATP Tour

Rafael Nadal’s Coach Roig Ahead Of Fritz Clash: ‘We Can Be Happy’ | ATP Tour

“BA.5 Is The Worst Version Of The Virus That We’ve Seen” – Deadline

“BA.5 Is The Worst Version Of The Virus That We’ve Seen” – Deadline

Rafael Nadal’s Coach Roig Ahead Of Fritz Clash: ‘We Can Be Happy’ | ATP Tour

Rafael Nadal’s Coach Roig Ahead Of Fritz Clash: ‘We Can Be Happy’ | ATP Tour

“BA.5 Is The Worst Version Of The Virus That We’ve Seen” – Deadline

“BA.5 Is The Worst Version Of The Virus That We’ve Seen” – Deadline

To beat the summer heat, passive cooling really works

To beat the summer heat, passive cooling really works

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....