BRICS challenges
The mid-July Sixth Summit of BRICS in Fortaleza has come out with some concrete results on economic front. Certainly, BRICS has moved beyond the rhetoric of cooperation, unity and mutual respect by taking a firm decision of setting up a BRICS New Development Bank, a move of far reaching significance in international financial sector. However, China has stolen the show by hosting the headquarters of the Bank in Shanghai. China wanted to show this unity… Read More »BRICS challenges