China Approves New BRICS Member

China is looking at BRICS expansion to strengthen the alliance and take on the US and other Western allies. The Communist country is eager to induct new countries that can push the de-dollarization agenda ahead. This helps China counter the US on the global stage and bring its own policies for trade and commerce.

Also Read: BRICS: New Country Plans To Ban the US Dollar for Trade

The ultimate goal of BRICS is to bring the US dollar down from the world’s reserve currency and replace it with local currencies. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Malaysia had recently submitted its application to join BRICS and both China and Russia were eager to approve it.

China Approves Malaysia To Become a BRICS Member

china xi jinping president brics countries flags
Source: Associated Press

BRICS member China supports Malaysia’s induction into the alliance. The Chinese Foreign Ministry Spokesperson Lin Jian said that the country is willing to accept Malaysia’s application to join the bloc.

Also Read: BRICS Expansion: New Country Shows Interest To Join the Alliance

“China welcomes the participation of a bigger number of partners in cooperation within BRICS so that we could act together to encourage the development of a fairer and more reasonable international order,” said Lin Jian referring to Malaysia’s application.

Also Read: US Dollar Gives a Major Blow To BRICS Nations’ Currencies

However, the BRICS expansion is consensus-based and the other members have to vote on Malaysia’s induction. Malaysia won’t be a part of the bloc if it receives China and Russia’s support only. Every other member has to agree on Malaysia’s induction for the country to be officially invited to join BRICS.

Recent reports indicate that India is unhappy with the idea of BRICS expansion in 2024. The Modi government wants to pause inducting new countries for another five years. India wants to set a clear set of rules and policies for the next five years and not blindly accept new countries. On the other hand, China and Russia want the opposite.

  • BRICS
  • china
  • Malaysia

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