China will give 500 million yuan (64 million euros) for a BRICS economic and technology cooperation plan.
Chinese President Xi Jinping says there will also be the equivalent of a further 3.3 million euros for projects at the BRICS countries’ New Development Bank.
The announcement comes amid questions over the relevance of BRICS and China’s commitment to its New Development Bank (NDB) in light of the Belt and Road initiative and the China-led Asian Infrastructure Investment Bank.
China will give 500 million yuan (64 million euros) for a BRICS economic and technology cooperation plan.
The BRICS group of emerging economies comprises Brazil, Russia, India, China and South Africa.
The heads of state have gathered in Xiamen, giving host China its latest chance to position itself as a bulwark of globalisation in the face of US President Donald Trump’s “America First” agenda.
Read more: BRICS boost from China | Euronews
Chinese President Xi Jinping says there will also be the equivalent of a further 3.3 million euros for projects at the BRICS countries’ New Development Bank.
The announcement comes amid questions over the relevance of BRICS and China’s commitment to its New Development Bank (NDB) in light of the Belt and Road initiative and the China-led Asian Infrastructure Investment Bank.
China will give 500 million yuan (64 million euros) for a BRICS economic and technology cooperation plan.
The BRICS group of emerging economies comprises Brazil, Russia, India, China and South Africa.
The heads of state have gathered in Xiamen, giving host China its latest chance to position itself as a bulwark of globalisation in the face of US President Donald Trump’s “America First” agenda.
Read more: BRICS boost from China | Euronews
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