China backs BRICS with $80m boost

Chinese president Xi Jingping has pledged to provide $80m for BRICS cooperation projects and urged fellow members to join him in opposing protectionism in favour of globalisation.

During his speech to open the three-day BRICS Summit in Xiamen— Stronger Partnership for a Brighter Future—Xi offered $76m towards an economic and technology cooperation plan and another $4m for projects at the BRICS New Development Bank (NDB).

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China backs BRICS with $80m boost

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