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How BRICS Creates New Opportunities for Global South Development

CGTN: How BRICS creates new opportunities for Global South development
Countries
ChinaIndia
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional DevelopmentPeace & DevelopmentPeople-to-People ExchangeSustainable Development

Source: The Kingston Whig-Standard | Original Published At: 2026-09-11 15:32:17 UTC

Key Points

  • BRICS is marking 20 years of cooperation as Chinese President Xi Jinping attends the 18th BRICS Summit in New Delhi on September 12-13.
  • The New Development Bank has approved 139 projects with total financing of about $43 billion by the end of 2025.
  • NDB funding is described as supporting renewable energy, transport infrastructure, affordable housing, and clean water access.
  • BRICS cooperation is expanding in agriculture and food security, including a proposed BRICS Grain Exchange.
  • The bloc is promoting industrial and digital cooperation through platforms such as the BRICS Industrial Capacity China Center.
  • BRICS has advanced AI governance discussions aimed at giving developing countries a greater role in global technology rules.
  • China’s four global initiatives are presented as aligning with BRICS cooperation to support development, security, cultural exchange, and global governance reform.
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