Embracing the Age of BRICS: Opportunities in a Multipolar World

A recent salon in Xiamen, Fujian, highlighted development opportunities under BRICS. Experts discussed the potential of the BRICS payment system, infrastructure financing through the New Development Bank, and the benefits of bilateral cooperation models. The event aimed to promote technological innovation and local economic development within a multipolar global framework.

In a recent salon held in Xiamen, Fujian, experts convened to discuss the theme 'Embracing the Age of BRICS - Development and Opportunities under a Community of Shared Destiny'. Gathered at the Xiamen Airlines Ancient Stone Fund Town, they shared insights on various aspects of BRICS-related growth.

Einar Tangen, Senior Researcher at Taihe Think Tank and Chief Vice President of Milwaukee Investment Bank, highlighted the BRICS payment system's multipolar and open nature, contrasting it with the SWIFT system. Qian Feng from Tsinghua University suggested leveraging the BRICS New Development Bank for infrastructure financing and green development, along with advocating for stronger international financial consultations and reforms.

Other notable contributions included Professor He Junming's proposition of the 'two countries, two parks' model for reducing foreign investment risks, mirroring successful practices with Belt and Road countries, and Professor Lai Yongxuan's emphasis on the BRICS Innovation Base's role in advancing technological collaboration and balanced development. The event, organized by Hu Wei of Hong Kong Commercial Daily, underscores the commitment to fostering local economic growth and technological progress to uplift southern nations globally.

(With inputs from agencies.)