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Brazil holds BRICS seminar on governance, fostering stronger south-south cooperation

China

China

China

Brazil holds BRICS seminar on governance, fostering stronger south-south cooperation

2025-07-01 17:02 Last Updated At:22:27

Amid escalating global challenges, the BRICS Seminar on Governance and Cultural Exchange Forum 2025 convened Monday in Rio de Janeiro, Brazil, uniting voices from BRICS countries to forge stronger cooperation across the Global South.

Hosted by the China International Communications Group (CICG), the event highlighted the urgency of enhancing international exchanges, with trade wars and armed conflicts dominating discussions.

"These conflicts that are happening end up affecting every country in the world. It's not the case that just because fighting is taking place over there in the Middle East that it doesn't affect me in Brazil. It's with everyone. It affects our economy, because the world today is globalized," said Ivone Silva, President of the Lula Institute of Brazil.

Yu Yunquan, Vice President of the China International Communications Group, voiced strong optimism about BRICS' evolving role and impact on the global stage.

"The BRICS forum brings diverse people from BRICS countries together, makes us more unified, helps us reach consensus, which will be greatly important in strengthening BRICS cooperation," said Yu.

Brazil will host the BRICS Summit this year at the Museum of Modern Art in Rio de Janeiro on July 6 and 7.

Brazil holds BRICS seminar on governance, fostering stronger south-south cooperation

Brazil holds BRICS seminar on governance, fostering stronger south-south cooperation

Brazil holds BRICS seminar on governance, fostering stronger south-south cooperation

Brazil holds BRICS seminar on governance, fostering stronger south-south cooperation

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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