Archive · 12 Sep 2026
BRICS Summit Focuses on Global South Economic Resilience
BRICS is a group of countries that wants to cooperate more closely.
A China Daily opinion article says this cooperation could help developing countries handle economic problems.
The article says countries should trade with more partners instead of depending on only a few.
It also supports making trade rules simpler and improving roads, ports and shipping routes.
Using local currencies could help countries avoid some exchange-rate risks.
The article points to the Xiamen-Durban route as an example of better customs and shipping cooperation.
It also describes the New Development Bank as a source of funding for development projects.
The BRICS Summit is taking place in New Delhi in 2026.
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi are expected to hold bilateral talks there.
A China Daily opinion article says BRICS can help Global South economies withstand repeated shocks and pursue more independent long-term growth.
It recommends diversified trade, reduced regulatory barriers, stronger transport links and greater supply-chain cooperation.
The article says local currencies account for more than 65 percent of intra-BRICS trade and 99 percent of China-Russia trade.
It cites the Xiamen-Durban maritime and customs route and the International North-South Transport Corridor as connectivity examples.
Chinese President Xi Jinping is expected to meet Indian Prime Minister Narendra Modi during the 18th BRICS Summit in New Delhi.
- Who
- BRICS member countries, including India, China, Russia and South Africa; Chinese President Xi Jinping and Indian Prime Minister Narendra Modi are key participants.
- What
- The 18th BRICS Summit is addressing cooperation on economic resilience, trade, connectivity and development, alongside a planned Xi-Modi meeting.
- When
- The summit is taking place in 2026; Xi Jinping is expected to visit India and meet Narendra Modi during the event.
- Where
- New Delhi, India.
- Why
- The China Daily opinion article links the push for greater cooperation to geopolitical tensions, protectionism, conflicts and repeated disruptions to the global economy.
- Summit
- The 18th BRICS Summit.
- Host city
- New Delhi, India.
- Main theme
- Building for Resilience, Innovation, Cooperation and Sustainability.
- Local-currency trade
- The article says local currencies account for more than 65 percent of intra-BRICS trade and 99 percent of China-Russia trade.
- Transport example
- The Xiamen-Durban Secure and Smart Trade Line links Xiamen, China, with Durban, South Africa, and was launched in August 2025.
- Development financing
- The New Development Bank had approved 141 projects worth $44 billion as of June 2026, according to the opinion article.
- Bilateral meeting
- Xi Jinping and Narendra Modi are expected to hold talks on the sidelines of the summit.