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Xi says China will give $76 mln for BRICS cooperation plan

4 September 2017

China will provide $76 million for a BRICS economic and technology cooperation plan, Chinese President Xi Jinping said. The Sept. 3-5 summit gives China as host its latest chance to position itself as a bulwark of globalization in the face of U.S. President Donald Trump's "America First" agenda.

BRICS leaders are expected to be joined by observer countries Thailand, Mexico, Egypt, Guinea and Tajikistan. Officials will discuss a "BRICS Plus" plan to possibly expand the bloc to new members.