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Xi pushes 'Greater BRICS' economic ties to give bloc larger global role
Xi proposed a BRICS Special Economic Zone partnership and an AI Open Source Zone as the bloc seeks wider trade and investment ties.
Chinese President Jinping unveiled initiatives in New Delhi on Sunday to deepen cooperation among "Greater BRICS" emerging economies, seeking to weld the grouping into a practical platform for Global South development.
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, aiming to transform an order dominated by the United States.
Jinping proposed a "BRICS Special Economic Zone" partnership and "AI Open Source Zone", with China hosting a "BRICS Service Trade Forum" in 2027 to boost investment ties.
The summit forged consensus on a joint declaration backed by Iran and the UAE on Saturday, while President Masoud Pezeshkian met the Crown Prince of Abu Dhabi on the sidelines to discuss regional stability.
Cooperation across politics, security, and finance remains the focus, with 2026 chair India and 2027 chair China seeking wider partnerships to boost the grouping's global clout.