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BRICS Summit, Day One: Xi Hypes the ‘Global South’, Putin Sees ‘Alternative to G7’, Modi Touts Indian Economy, Lula Calls for Common Currency,

1LoverofGod

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The much-anticipated BRICS Summit has finally kicked off in Johannesburg, South Africa.

We can safely say that the event is already a success, at least in terms of visibility. There is a massive media coverage, from all continents, with all kinds of different agendas and preconceptions, both for and against the club.

Below I tried to get a glimpse of the speeches of the five heads of state, whether in-person, via video link (in the case of Putin), or even off-campus (in the case of Xi Jinping, who surprisingly ditched the official ‘Business Forum’, but spoke in a separate event along with South African Ramaphosa).


For Chinese Chairman Hi Jinping, the ‘Global South’ should wield more influence.

“’We should practice multilateralism and work towards giving a boost to countries in the Global South’, Xi told a joint briefing in Pretoria with South African President Cyril Ramaphosa following a state visit. ‘We believe our countries should be strategic partners, we should deepen political mutual trust’.

BRICS leaders are also expected to discuss how they can increase direct trade in their own currencies and possibly hold tentative talks on introducing a common unit – an idea that hasn’t gained traction so far.”
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