Be­yond BRICS

ChinAfrica - - Business -

The BRICS Plus mode was pro­posed by China fol­low­ing the Dur­ban Sum­mit in South Africa in 2013, when a num­ber of re­gional coun­tries were in­vited to di­a­logue on the side­lines of the main meet­ing.

This time, China de­vel­oped the BRICS Plus model by invit­ing five de­vel­op­ing states from three con­ti­nents, namely, Africa, Asia and Latin Amer­ica, to boost dis­cus­sion about co­op­er­a­tion be­tween BRICS and other de­vel­op­ing states.

“The mode will en­rich the BRICS co­op­er­a­tion mech­a­nism. Par­tic­u­larly, against the cur­rent back­drop of anti-glob­al­iza­tion and pro­tec­tion­ism, it will of­fer the wis­dom of de­vel­op­ing coun­tries for global eco­nomic gov­er­nance,” Chen Fengy­ing, a se­nior re­searcher with China In­sti­tutes of Con­tem­po­rary In­ter­na­tional Re­la­tions, told Chi­nafrica.

“The spe­cial agenda of the Xi­a­men Sum­mit showed China’s as­pi­ra­tion to make the de­vel­op­ment pie big­ger and let all coun­tries share the achieve­ments of emerg­ing economies,” said Wang Wen, Ex­ec­u­tive Dean of the Chongyang In­sti­tute for Fi­nan­cial Stud­ies at Ren­min Univer­sity of China.

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