Chinese President Xi Jinping Speaks at the 18th BRICS Summit in New Delhi

At the 18th BRICS Summit in New Delhi, Chinese President Xi Jinping highlighted the bloc's role for emerging markets and developing countries, urging members to advance innovation and play a peacemaking role.

Key points

• Xi stated that the BRICS cooperation mechanism marks its 20th anniversary and has become the world's most influential platform for emerging markets and developing countries.
• China proposed an initiative to promote new industrialization through artificial intelligence and called for stronger technological cooperation.
• Xi urged BRICS countries to serve as a pioneer in upholding peace and stability, specifically addressing the complex situation in the Middle East.
• Analysts noted that the group represents nearly half the world's population and roughly 30 percent of the global economy.

Why it matters

The BRICS summit provides a major platform for emerging economies and the Global South to coordinate policy on global governance, economic development, emerging technologies, and international security.