AGL40.01▼ -0.01 (0.00%)AIRLINK187.98▲ 9.91 (0.06%)BOP10.12▲ 0.16 (0.02%)CNERGY7.11▲ 0.17 (0.02%)DCL10.15▲ 0.06 (0.01%)DFML41.57▲ 0 (0.00%)DGKC107.91▲ 1.02 (0.01%)FCCL39▼ -0.03 (0.00%)FFBL82.02▲ 0.13 (0.00%)FFL14.9▲ 1.2 (0.09%)HUBC119.46▲ 0.21 (0.00%)HUMNL14.05▲ 0.05 (0.00%)KEL6.4▲ 0.49 (0.08%)KOSM8.07▲ 0.01 (0.00%)MLCF49.47▲ 1.37 (0.03%)NBP73.66▲ 0.83 (0.01%)OGDC204.85▲ 11.09 (0.06%)PAEL33.56▲ 1.41 (0.04%)PIBTL8.07▲ 0.05 (0.01%)PPL185.41▲ 11.34 (0.07%)PRL33.61▲ 1.01 (0.03%)PTC27.39▲ 2.12 (0.08%)SEARL119.82▼ -5.14 (-0.04%)TELE9.69▲ 0.27 (0.03%)TOMCL35.3▼ -0.09 (0.00%)TPLP12.25▲ 0.63 (0.05%)TREET20.26▲ 1.84 (0.10%)TRG60.78▲ 0.29 (0.00%)UNITY37.99▼ -0.22 (-0.01%)WTL1.65▼ -0.01 (-0.01%)

China’s Xi backs BRICS expansion as Pakistan seeks to join bloc

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]

JOHANNESBURG – Chinese President Xi Jinping has backed the expansion of the BRICS, a group of major emerging economies, as several countries including Pakistan have been showed interest in joining the bloc.

The Chinese president called for the expansion the group in a speech delivered on his behalf at the start of the BRICS summit in Johannesburg, South Africa, a day earlier.

He supported the idea of including more developing countries into the group in order to ensure more just and equitable international order. He also insisted that “hegemonism is not in China’s DNA”.

Currently, the BRICS comprises five countries – Brazil, Russia, India, China and South Africa – and it represents about 40% of the world’s population and a quarter of global GDP.

Xi said China did not want to indulge in great power competition or create “bloc confrontation” in the world.

He stressed that BRICS would continue to grow “whatever resistance there may be.”

Earlier this year, nineteen countries, including Argentina, Turkey, Pakistan and Saudi Arabia, had showed their interest in joining the bloc.

Reports said there was an opposition from India, who did not want Pakistan to join the group.

Related Posts

Get Alerts