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Xi Jinping Skips BRICS Summit Amid Economic Pressures

7/6/2025

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Summary

Story summary

Chinese President Xi Jinping will skip the BRICS summit in Brazil to focus on pressing domestic economic challenges, leaving Premier Li Qiang to represent China. With both Xi and Putin absent, leaders like Modi and Ramaphosa will gather to discuss trade deals and de-dollarisation, though a shared BRICS currency is not expected to be on the table.

History

Historical Context

In 2009, Brazil, Russia, India, China, and South Africa formed the BRICS coalition to enhance economic cooperation, with China representing 16% of global GDP at the time. As global economic dynamics shift, leaders like India's Modi and South Africa's Ramaphosa face challenges in trade discussions, particularly in reducing reliance on the US dollar and strengthening intra-BRICS economic ties.

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Story summary

Chinese President Xi Jinping will skip the BRICS summit in Brazil to focus on pressing domestic economic challenges, leaving Premier Li Qiang to represent China. With both Xi and Putin absent, leaders like Modi and Ramaphosa will gather to discuss trade deals and de-dollarisation, though a shared BRICS currency is not expected to be on the table.

1 / 2