BRICS: India and China Spur Global South
The 18th BRICS Summit in New Delhi clarified that cooperation between China and India has become more focused on achieving practical milestones to promote multipolarity, through the development of tangible alternatives in areas such as technology, supply chains, and international payments. The meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi emphasized the importance of acting as partners, while enhancing coordination in initiatives like artificial intelligence, digital platforms, and smart manufacturing, with the goal of reducing reliance on the existing global financial system based on the dollar. At the level of production chains and payments, efforts are underway to connect national payment systems and reduce costs, alongside encouraging cooperation in supply chains to increase resilience and streamline expenses, especially for countries of the Global South. The alignment between Beijing and New Delhi is a significant step toward strengthening BRICS’ capabilities and making a tangible developmental impact, provided that understanding translates into actionable and sustainable projects, rather than mere statements and rhetoric.
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