China and India look to strengthen relationship

The two nations pledge to work together in hosting upcoming G20 and BRICS summits, and to cooperate more on economic and security matters

China and India vowed to enhance their bilateral ties and to cooperate in hosting the upcoming Group of 20 (G20) summit in Hangzhou as well as another meeting between emerging-market nations.

The pledge was made at a meeting between Chinese Foreign Minister Wang Yi and Indian Prime Minister Narendra Modi in New Delhi on Saturday.

BRICS Summit in Fortaleza Set New Geopolitical Order: National Committee on BRICS Studies

MOSCOW, October 29 (RIA Novosti), Daria Chernyshova – The BRICS (Brazil, Russia, India, China, South Africa) summit in Fortaleza held in 2014 has become an important benchmark defining a new geopolitics, where Russia confronted the West and was supported by its partners in the BRICS, Georgy Toloraya, the Executive Director of the National Committee on BRICS Studies in Russia said Wednesday.

“The BRICS summit in Fortaleza has become a surprising turning point,” Toloraya said at a video conference held at Rossiya Segodnya’s press center.

So Long, Yankees! China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit

China and Brazil agreed to trade in each other’s currencies just hours ahead of the BRICS summit in South Africa.

The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks the latest effort among two of the world’s largest emerging economies to shift the dynamics of international trade that have long favored the U.S. dollar.