BRICS seeks new world economic order
Western sanctions on Russia propel an alternative road
The XIV BRICS Summit was held online on June 23. 2022, hosted by China. BRICS is an intergovernmental economic-commercial association formed in 2009 by Brazil, Russia, India, and China, with South Africa joining in 2010. The five countries represent 41% of the world’s population. Their economies account for 24% of the world’s Gross Domestic Product and 16% of world commerce.
An editorial by Global Times stresses BRICS’ alternative vision for a more just world economic order. “From the very beginning, the BRICS countries had a broad vision, hoping to find a more inclusive and sustainable way for humans to work together. This is groundbreaking. It also shows that by adhering to openness, inclusiveness, and win-win cooperation, we can discover a wider world.” The Global Times, founded in 2009, is an English-language newspaper located in Beijing. In its own words, “the Global Times takes great pains to present facts and views that could help the readers better understand Ch…