Chinese Ambassador’s ‘POWER’ Formula Ahead of Delhi BRICS Summit: Meaning and Challenges for the Group

Source: Webdunia Hindi | Original Published At: 2026-09-10 09:21:00 UTC

Key Points

• The BRICS summit is scheduled for 12 and 13 September in New Delhi.
• Chinese Ambassador to India Xu Feihong proposed a 'POWER' framework for BRICS in an article published in The Hindu.
• The acronym stands for Principles, Openness, Win-Win, Engine and Responsibility.
• The article notes that BRICS has expanded beyond the original BRIC grouping to 11 members, including new additions such as Egypt, Ethiopia, Iran, the United Arab Emirates and Indonesia.
• Analysts cited in the article say expansion has increased BRICS' economic and political capacity but also made consensus harder because members have divergent interests and foreign-policy orientations.
• It points to tensions over West Asia, including differences between Iran and the United Arab Emirates, and notes that a May foreign ministers meeting in New Delhi failed to issue a joint statement on the issue.
• The article also discusses local-currency trade and alternative payment systems, while noting that de-dollarization remains difficult because of the dollar's global role and potential U.S. resistance.