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China Isn’t Really Sure What It Wants to Do With the BRICS, Says Top Russian Analyst

Yaroslav Lissovolik, a former senior IMF official and ex-chief economist at Deutsche Bank, visited Beijing last month, where he met with senior Chinese corporate, government, and academic leaders to get a pulse on key geopolitical issues. The well-known Russian analyst, who ...

The BRICS Got Bigger in 2024 But Not as Big As Expected

Five new countries joined the BRICS bloc at the beginning of the year, marking a dramatic expansion for the fourteen-year old group. With the admission on January 1 of Saudi Arabia, UAE, Iran, Ethiopia, and Egypt, the loosely-formed group is now ...

Argentina Will Not Join BRICS, Says Incoming Foreign Minister

Argentina will not join the China-led BRICS group when President-Elect Javier Milei takes office, the incoming foreign minister said, emphasizing the many possible shakeups to come under the new administration. “We will not join the BRICS,” said Diana Mondino, who is set ...

Nigeria Eyes BRICS Membership

Nigeria hopes to become a member of the BRICS group of emerging economies in the next two years, according to Minister of Foreign Affairs Yusuf Tuggar. It also wants to join the G20. Tuggar told Bloomberg that “Nigeria has come of age ...

Ethiopia-China Ties Upgraded

China upgraded its relations with Ethiopia to an “all-weather” strategic partnership. The announcement came after Ethiopian Prime Minister Abiy Ahmed’s meeting with Xi Jinping. The upgrade comes as Ethiopia is slowly emerging from its civil war and recently joined the BRICS group. ...

Analysis from Cobus van Staden

Zimbabwe Agreement Could Signal China’s Return to African Rail

TransTech, a subsidiary of China Railway Group, reportedly signed a Memorandum of Understanding with the state-owned National Railways of Zimbabwe (NRZ) that could lead to a recapitalization of the country’s railway network.
Bloomberg reports that the agreement is currently limited to studying the project and producing a feasibility report by the end of June. Finance Minister Mthuli Ncube said: “It is our expectation that in the upcoming Forum for China and Africa taking place ...

Running Into BRICS Walls: Enlargement Won’t Help BRICS Establish a New World Order

By Felix Brender 王哲謙 The BRICS bloc’s announcement to open its doors to new members has triggered considerable coverage and commentary suggesting the BRICS are setting themselves up to establish a new global order as an alternative to Western dominance, economic woes across ...

Venezuela Wants to Join BRICS

Venezuelan President Nicolás Maduro’s six-day visit to China has included stops in the economic and tech hubs of Guangdong, Shanghai and Shenzhen. He is also likely to meet with Chinese President Xi Jinping. Venezuelan Executive Vice President Delcy Rodriguez met with Chinese Foreign Minister Wang Yi earlier this week ...

Odd One Out: Argentina in BRICS?

By Bruno Binetti The decision of the BRICS to invite Argentina to become a full member in 2024 came as a surprise even to the Argentine government. President Alberto Fernández had lobbied to enter the club, but the expectations were so low ...

TRANSLATION: Risks and Benefits if Indonesia Aligns With BRICS

The following is a summary translation of an article published in Bahasa on the Indonesian news website Tirto.id, written by reporter Andrian Pratama Taher, that combines several Indonesian analysts’ perspectives on the potential benefits and risks of Indonesia joining BRICS.  ...

South African Avocados Are the Latest Entrant Into China’s Already-Saturated Market

Chinese consumers will soon be able to purchase South African avocados in their local supermarkets thanks to a new export agreement signed on the sidelines of last week's BRICS summit in Johannesburg. The move is part of a larger Chinese effort ...
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