China's Xi Jinping's Calls for a Unified BRICS Expansion

• Financial

Chinese President Xi Jinping, in a recent address, vocalized his vision for an expanded BRICS alliance that promotes a more just and equitable international framework. His underlying message: China is not keen on being seen as the hegemonic power, but rather as a nation that upholds fairness and unity.

BRICS on the World Stage

At the BRICS summit in Johannesburg, South Africa, President Xi conveyed China's firm stance against engaging in any great power tussle or creating confrontational blocs. While he was not present in person, Commerce Minister Wang Wentao delivered Xi's statement to the audience at a business forum.

He quoted the Chinese president: “China stands firmly on the right side of history and believes a just cause should be pursued for the common good”. As the world undergoes unparalleled shifts, Xi recognized the unique position humanity is in. “Right now, changes in the world, in our times, and in history are unfolding in ways like never before, bringing human society to a critical juncture,” he pointed out.

In such a climate, the role of coalitions like BRICS gains prominence, promising growth even in the face of potential resistance.

To Expand or Not to Expand?

One of the key points raised in this summit is the potential expansion of the BRICS alliance.

Countries including Saudi Arabia, Indonesia, Iran, Argentina, and Egypt have shown enthusiasm in joining this bloc. A significant coalition, BRICS represents nearly 40 percent of the global populace and accounts for over a quarter of the world's economy.

However, not all members are on the same page when it comes to enlargement. Brazil and India, for instance, have shown apprehension, illustrating a divergence in the bloc's future vision. Lending further insight into this divide, Brazil’s Lula commented during a social media broadcast, stating that the aim of BRICS isn’t to be an alternative to the likes of the G7, G20, or even the United States. “We just want to organise ourselves,” he emphasized.

As the dynamics of global power structures continue to evolve, the decisions made by coalitions like BRICS will shape the future of international relations. The discussions surrounding its expansion shed light on both its current influence and its potential to mold global economic and political landscapes.