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In A Virtual Summit, Xi Jinping Presented Three Proposals To Guide The Brics, Highlighting Multilateralism, Economic Openness, And Solidarity, Amid Indirect Criticism Of The Role Of The United States And Mentions Of The Dollar As The Central Point Of Discussions.
China presented a three-pronged roadmap to guide the Brics in the coming years on Monday (08). The information comes from the portal Poder 360.
According to the site, at the virtual summit chaired by Luiz Inácio Lula da Silva, President Xi Jinping advocated for strengthening multilateralism, preserving economic openness, and consolidating the solidarity of the bloc.
The speech included a mention of the dollar and scrutinized the role of the United States, contrasting it with the vision associated with Donald Trump.
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The leaders of Russia and South Africa, Vladimir Putin and Cyril Ramaphosa, also participated.
Xi Jinping And The Focus On Multilateralism
Right at the beginning of his participation, Xi framed the agenda as a response to an environment of uncertainties.
Without yielding to direct allusions, he attacked concepts such as hegemonism, unilateralism, and protectionism — recurring terms in the Chinese lexicon when it comes to global governance.
“Multilateralism is the shared aspiration of peoples and the prevailing trend of our time,” he affirmed, advocating for the Brics to act in a coordinated manner in international forums and seek more balanced rules.
Throughout the speech, the president organized the priorities into three axes. First, to sustain effective multilateralism, with developing countries gaining a voice in the global architecture.
This guideline confronts unilateral practices and seeks to enhance the participation of the Global South in decision-making instances.
Next, he insisted on openness and mutual benefit cooperation to protect the international economic and trade order, which, according to him, must remain predictable and inclusive.
Finally, he advocated for preserving the solidarity among Brics members as a path to common development, emphasizing shared projects, technology transfer, and social agendas.
The Dollar and The Message To The United States
The mention of the dollar appeared as part of the argument for a financial environment less vulnerable to shocks and sanctions.
By placing the U.S. dollar at the center of the debate, Xi signaled the intention to reduce asymmetries and expand settlement instruments that do not rely exclusively on the U.S.-anchored system.
This point relates to recent attempts by the bloc to encourage payments in local currencies and strengthen development banks as complementary alternatives, even without breaking from the current system.
This framing also serves as a message regarding Washington’s role.
By criticizing unilateralism and protectionism, the Chinese leader confronts ideas that gained traction in U.S. foreign policy, especially during the Trump administration.
In practice, the advocacy for multilateral rules and open markets serves as a counterpoint to the logic of tariffs, sanctions, and asymmetric agreements.
The emphasis on the word “cooperation” thus became a way to delineate differences in approach without turning the summit into an arena of direct accusations.
Lula and The Role of Brazil In The Summit
The format of the meeting reinforced a pragmatic tone. Conducted remotely and under the presidency of Lula, the session brought together heads of state to establish principles and coordinate positions on sensitive topics.
Brazil acted as a moderator of agendas, seeking to preserve cohesion and maintain focus on concrete results.
The presence of Putin and Ramaphosa lent geopolitical weight to the messages and confirmed the bloc’s willingness to speak in a coordinated manner on issues spanning trade, finance, and international security.
Economic Cooperation and Market Openness
In the economic field, the second guideline — maintain openness and mutual benefit cooperation — appeared as an antidote to trade barriers and technological disputes.
Xi associated regulatory predictability with growth and pointed out the need for more resilient supply chains.
The implicit reading is that Brics countries can cushion shocks through productive integration, cross-border investments, and regulatory coordination, maintaining competitiveness without resorting to closing practices.
Solidarity and Common Development
The third front, focused on solidarity and common development, highlighted initiatives with potential for direct social impact.
Instead of just statements of principle, the emphasis was placed on cooperation in infrastructure, digitalization, and energy transition, areas where technology sharing and financing can accelerate deliveries.
The speech reaffirmed that internal divergences do not preclude the pursuit of collective gains, as long as planning is anchored in verifiable goals.
International Conflicts On The Agenda
Diplomatic developments were also on the agenda. Brics countries stated that they intend to maintain communication channels regarding ongoing conflicts, including the war between Russia and Ukraine and the crisis in Gaza arising from the Israeli military operation.
For the Ukrainian case, the leaders advocated for the use of the Group of Friends for Peace, a coalition of Global South countries dedicated to mediating understandings and promoting confidence-building measures.
On the Palestinian issue, they reiterated support for the two-State solution, a guideline that recurs in multilateral positions and that, in the bloc’s view, remains the basis for sustainable peace.
Global Governance and The Future Of The Brics
The reference to global governance was not limited to diplomacy. In discussing multilateralism, Xi indicated the need to update international institutions to reflect the emerging economic and demographic weight.
The argument rests on the idea that decision-making forums need to embrace the priorities of the Global South — from quota reforms in multilateral banks to more inclusive trade negotiations.
The proposal seeks to mitigate the perception that rules are imposed by a few and enhance the legitimacy of commitments in the long term.
Meanwhile, the discussion about the U.S. dollar relates to a significant debate.
Brics countries have increased their attention to instruments that reduce currency costs and expose their economies less to financial sanctions.
The point does not imply an immediate replacement of the current system, but opens up space for technical and operational alternatives that diversify risks.
In diplomatic language, the mention of the dollar serves as an invitation for gradual experimentation, with safeguards and coordination to avoid turbulence.
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