China warns against expanding military alliances and weaponising economic sanctions.
The world’s top five emerging economies – Brazil, Russia, India, China and South Africa, known as BRICS – are holding their annual summit virtually for the third time this year due to the pandemic.
The meeting is taking place against a complex geopolitical backdrop, from the war in Ukraine and trade disputes between China and the US, to a global economy trying to recover from the fallout of COVID-19.
Chinese President Xi Jinping – who is hosting this year’s summit – has criticized the West’s handling of the Ukraine crisis and called for co-ordination to prevent disruptions to the global economic recovery.
But what role can the BRICS play?
Presenter: Hashem Ahelbarra
Einar Tangen – Senior fellow at the Taihe Institute
Sanusha Naidu – Senior research fellow at the Institute for Global Dialogue, a South African think tank focusing on China and Africa
Nancy Snow – Visiting distinguished professor at Tsinghua University’s Schwarzman Scholars program