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Xi Jinping champions the cause of Global South

Xinhua | Updated: 2025-07-03 11:06
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President Xi Jinping visits the New Development Bank and meets with Dilma Rousseff, president of the institution, in Shanghai, East China, April 29, 2025. [Photo/Xinhua]

BEIJING -- On the banks of the shimmering Huangpu River that cuts through the Chinese metropolis of Shanghai sits the headquarters of the New Development Bank, co-founded by the BRICS countries more than a decade ago to foster the shared development of the world's emerging economies.

In his visit to this new landmark in China's financial center late April, President Xi Jinping told the bank's president and former Brazilian President Dilma Rousseff this multilateral institution has been a result of "a pioneering initiative for the Global South to seek strength through unity."

For the Chinese leader, the BRICS mechanism is a major platform for promoting cooperation among countries in the Global South. In the coming days, this year's BRICS summit will open in the Brazilian city of Rio de Janeiro under the theme of "Strengthening Global South Cooperation for More Inclusive and Sustainable Governance."

Xi's April visit to the bank demonstrates his long-standing commitment to bolstering the solidarity and common development of the Global South, amplifying the role of over 6 billion people in a world fraught with uncertainty and challenges unseen in a century.

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