BRICS: China officially launches a plan to promote its own payment system

He commented on the question of journalists about the next meeting of foreign ministers of the BRICS, to be held in Rio de Janeiro, Brazil, on 28 and 29 April. “In addition to the meeting, a dialogue will be organized with the participation of the heads of foreign policy departments of the member countries and of the partner states of BRICS. China’s foreign minister, Wang Yi, will exchange views with his counterparts on cooperation issues in the…

As international monetary tensions escalate, China accelerates its offensive against dollar domination. Beijing formalizes the launch of a strategic plan to impose its own international payment system. This initiative marks a major turning point in the redefinition of global financial flows, which reinforces China's ambition of a multipolar economic order. By directly targeting traditional Western-dominated networks, this manoeuvre now captures …