Chinese Premier Li Qiang called for strengthened international cooperation to foster an open world economy during his address at the 17th BRICS Summit in Rio de Janeiro on Monday. Emphasizing the need to counter unilateralism and protectionism, Li outlined China's vision for inclusive growth and multilateralism amid rising global economic uncertainties.
Prioritizing Stability in Global Supply Chains
Li stressed the importance of maintaining stable industrial and supply chains, describing them as 'the lifeblood of global prosperity.' He reaffirmed China's support for expanding the New Development Bank's influence and urged accelerated reforms at the World Bank and International Monetary Fund to better reflect developing nations' interests.
Climate Commitments Take Center Stage
The premier challenged developed countries to fulfill climate financing pledges and technology transfer obligations, advocating strict adherence to the Paris Agreement. 'Climate action must respect differentiated responsibilities while maintaining collective resolve,' Li stated, positioning China as a bridge between global North and South.
BRICS as Catalyst for South-South Cooperation
With leaders from Brazil, Russia, India, China, and South Africa present, the summit highlighted emerging economies' growing role in shaping global governance. Analysts note Li's remarks align with China's broader strategy to strengthen economic diplomacy through platforms like BRICS and the Belt and Road Initiative.
