Major emerging market powers are meeting in Johannesburg August 22-24 for the Brics leaders summit.
Leaders of the Brics nations will focus on ways to reduce dependence on dollars when they meet starting Tuesday, South African Deputy President Paul Mashatile said. Brazil, Russia, India, China and South Africa will discuss enlarging the group and increasing local currency trade. Russian President Vladimir Putin isn’t attending, avoiding an international arrest warrant over Moscow’s invasion of Ukraine.
China’s Xi arrives for state visit, Summit Chinese President Xi Jinping arrived in Johannesburg, Chinese state TV reported. He’s first heading to talks with his South African counterpart Cyril Ramaphosa before the Brics summit kicks off later Tuesday. Brics leaders are due to deliver speeches, with Russian President Vladimir Putin to address the gathering remotely. A Brics business forum and a briefing by the Chinese delegation are also on the agenda.
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