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Xi's call for stronger BRICS cooperation helps amplify Global South's voice: Egyptian expert

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Xi's call for stronger BRICS cooperation helps amplify Global South's voice: Egyptian expert

2026-09-14 12:07 Last Updated At:12:37

Chinese President Xi Jinping's recent remarks advocating for enhanced cooperation among BRICS countries help amplify the voice of the Global South in global governance, said an Egyptian expert.

In his address on the second day of the 18th BRICS Summit in New Delhi, India, on Sunday, Xi called on BRICS countries to strengthen unity among the Global South and play an active, stabilizing and positive role in global affairs.

Xi also outlined concrete proposals to further strengthen greater BRICS cooperation, with a focus on emerging areas including artificial intelligence, trade, digital industries and manufacturing.

Ahmed Qandeel, deputy director of the Al-Ahram Center for Political and Strategic Studies, said Xi's remarks are widely acclaimed in Egypt as they align with the country's vision of a more just and representative international order for the Global South.

"Chinese President Xi Jinping's proposals on BRICS' role in development have been highly commended, as they align with Egypt's vision of establishing an international system that is more equitable and representative of the Global South nations -- a system that is grounded in the principle of respect for national sovereignty. This entails reforming global governance institutions and ensuring that nations of the Global South have a voice that effectively articulates their interests, including regarding trade conducted in local currencies," said Qandeel.

Xi's call for stronger BRICS cooperation helps amplify Global South's voice: Egyptian expert

Xi's call for stronger BRICS cooperation helps amplify Global South's voice: Egyptian expert

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 45 pips to 6.7698 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 6.7698 against USD Monday

Chinese yuan strengthens to 6.7698 against USD Monday

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