China Presents New BRICS Economic Plan
The BRICS summit in New Delhi focused on strengthening economic and trade cooperation among the member countries. Chinese President Xi Jinping called for the creation of an open-source AI zone within BRICS to foster innovation, develop language models, and train artificial intelligence. He also proposed establishing a partnership to create a special economic zone for BRICS and emphasized support for the global trading system while rejecting protectionism. Bilateral trade between China and India reached $155.6 billion in 2025, with a significant trade deficit exceeding $100 billion in favor of China, despite decreasing border tensions. Overall, BRICS aims to expand its economic and political role, enhance the stability of supply and industrial chains, and focus on collaboration in technology and markets to support inclusive global growth.
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