BRICS, bats and bromides
'Tis that time of the year when the BRICS economic Summit comes round to state the obvious: “We are the rest of the world,” and powerful members of the global developing economies too. So when the 17th BRICS Summit launched in Brazil's Rio de Janeiro, assembling leaders from major emerging economies Brazil, Russia, India, China and South Africa, the obvious question emerged, where were its traditional star members, China’s Xi Jinping and Russia’s Vladimir Putin? China's 72-year-old president, Xi Jinping, has used BRICS to reshape narratives about the "global south." Yet, China’s Xi is said to be facing health problems. Beijing’s leader has been conspicuously absent from major events and has cut back his diplomatic schedule, though still meeting with third-tier comrades such as Belarus’s dictator Lukashenko. Xi’s last high profile event was in Moscow during Russia’s Victory Day military parade on May 9. Chairman Xi is facing serious domestic economic problems on mainland China with massive debt, a housing crisis and rising youth unemployment. Many of the economic doldr
Jul 9, 2025By John J. Metzler