China News Service, June 27 (Reporter Meng Xiangjun and Peng Dawei) "The BRICS Covenant" sent a "signal on how to get out of the real predicament" to the world.

Recently, the 14th BRICS Summit was held in Beijing. Regarding the significance of this meeting, Bo Xiwen, a German expert on China issues and former director of the European and International Affairs Department of Hesse, Germany, made such comments.

On June 22, the 2022 BRICS Business Forum held a seminar on "Upholding the Concept of Openness and Promoting World Economic Recovery".

Photo by China News Agency reporter Han Haidan

  Bo Xiwen said that the theme of this BRICS meeting is "Building High-Quality Partnerships to Create a New Era of Global Development", which is precisely marked by the pandemic and "unnecessary conflicts". In this day and age, urgently needed information.

  He pointed out that the holding of this meeting is itself a symbol, telling the world that there should be exchanges and dialogues between countries, rather than the threat of sanctions.

  Regarding the timing of the BRICS meeting, Joseph Gregory Mahoney, associate editor of the American Journal of Chinese Political Science and professor at the School of Politics and International Relations at East China Normal University, believes that the meeting is critical.

  First, the current global pandemic of COVID-19 complicates international relations, making it difficult to hold various summits on a regular basis.

Data map: The head of the U.S. intelligence agency attends a Senate Intelligence Committee hearing on the situation in Ukraine.

Photo by China News Agency reporter Chen Mengtong

  Second, the Ukraine crisis has created other troubles, directly involving Russia, a member of the BRICS.

Other BRICS members have yet to join the US-led Western sanctions against Russia, which has led to some Western exclusion and threats of retaliation.

  Third, Mahoney analyzed that the threat of a global recession is imminent due to the intertwining of various factors.

For example, the United States provoked a trade dispute with China and implemented irresponsible fiscal and monetary policies to cover up its "catastrophic response" to the new crown epidemic, as well as the current inflation caused by sanctions against Russia due to the conflict between Russia and Ukraine.

  In an international situation where numerous global crises have escalated, it is crucial that emerging market countries like the BRICS meet to foster relations and discuss how to avoid losing hard-earned development gains.

  Dr. Hu Yishan, chief consultant of the Malaysian Pacific Center and senior researcher of the Singapore Institute of International Affairs, also gave his own insights.

Dr. Hu Yishan, Chief Consultant of the Malaysian Pacific Centre and Senior Research Fellow of the Singapore Institute of International Affairs.

Photo courtesy of Hu Yishan

  He pointed out that the BRICS held this meeting at a critical juncture and played an exemplary role for other developing countries.

The cooperation mechanism of the BRICS countries not only drives these countries themselves, but also drives the development of other developing countries.

  Hu Yishan said that among the five BRICS countries, it is still up to China to play the role of a "leader", focusing on promoting peace through development.

For this, he stressed that this should be what many developing countries would like to see.

  When the West was besieging Russia, the performance of India, a relatively large developing country, aroused Hu Yishan's attention.

He believes that when it comes to economic issues, India does not hesitate to show that it will not follow the United States in sanctions against Russia.

This once again shows that developing countries are less likely to follow the tune of the West, but instead choose to cooperate with each other for win-win results.

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