BRICS focus on good global governance

Amid the escalating trade tensions and rising wave of unilateralism and protectionism, the 10th BRICS Summit in Johannesburg, South Africa, on July 25-27 will serve as a strong forum to help further improve global governance, and add some certainty and positive energy into international relations.

Jim O'Neill, former chairman of Goldman Sachs Asset Management and former United Kingdom treasury minister who coined the term "BRIC", has never appreciated South Africa's membership of BRICS. But reality is otherwise. With strong national strength, rich resources and advanced education and technology, South Africa is representative of an emerging Africa. That both the cooperation alliance of BRICS stock exchanges and the African regional center of the BRICS New Development Bank were established in South Africa, in 2011 and 2017, respectively, reflects the confidence of the emerging African power.

In defense of multilateral rules and trading system