Xi, Putin and other leaders locked in discussions over an expansion of the BRICS economic bloc. The leaders of Brazil, Russia, India, China and South Africa held closed-door discussions Wednesday on the possible expansion of their BRICS economic bloc, a move they’ve framed as a way to amplify the voice of developing nations, but which also serves the geopolitical interests of Beijing and Moscow. A decision on whether to accept new members had been expected late Wednesday, the second day of a three-day BRICS summit in Johannesburg. But officials said that was looking unlikely and a declaration might be made on Thursday. Chinese President Xi Jinping, Brazilian President Luiz Inácio Lula da Silva, Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa met at a conference center in the Sandton financial district in South Africa’s biggest city. Iran, Argentina, UAE, Saudi Arabia, and more are all part of the BRICS now. #BRICS #BRICSSummit #china #currency #usdollar #currencywar #reservecurrency
TOPICS AND TIMESTAMPS:
China’s BRICS Dilemma 0:00
Imports and Exports 3:15
Alarming Home Price Declines 9:00
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