NEW DELHI: Chinese President Xi Jinping on Sunday unveiled initiatives in areas ranging from AI to trade to deepen cooperation among the "Greater BRICS" emerging economies, as Beijing seeks to weld the grouping into a practical platform for Global South development. Cooperation in areas from politics and security to economics and finance are the main focus of the grouping, with 2026 chair India and 2027 chair China seeking wider partnership to boost its global clout.
The success of the "Greater BRICS Initiative" depends on laying a solid foundation for pragmatic cooperation, Xi told the leaders' annual summit in New Delhi, the official Xinhua news agency said. 'Greater BRICS' nations should further cooperate, maintain the stability of industrial and supply chains, and cultivate an integrated market, Xi told the summit's closing session.
China will take the lead in establishing a BRICS AI Open-Source Zone to promote cooperation on large language models, AI training and an open AI ecosystem, Xi added. He also proposed a BRICS Special Economic Zone partnership and said China would host a BRICS Service Trade Forum next year to boost trade and investment ties.
BRICS has expanded to include Iran, Indonesia, Egypt, Ethiopia and the United Arab Emirates beyond an original membership of Brazil, Russia, India, China and South Africa two decades ago that aimed to transform a world order dominated by the United States. In addition, 10 partner countries span emerging economies across Asia, Africa, Latin America and the Middle East, broadening its reach across the Global South. China and Russia sometimes refer to this larger bloc as "Greater BRICS".
The benefits of solutions developed within BRICS should not stay limited to BRICS alone, but should be made adaptable and accessible to meet the needs of the Global South, Indian Prime Minister Narendra Modi said in remarks earlier. Russian President Vladimir Putin called BRICS a powerful driving force towards creating a new, fairer and multipolar world order, urging its members to find ways to combine the competitive advantages of their individual economies.