Reported 8 months ago
Russian President Vladimir Putin and Chinese Premier Li Qiang saw success in expanding the BRICS economic bloc in Southeast Asia, attracting new members like Malaysia and Thailand, aiming to counter Western-led institutions. The increased interest in joining BRICS reflects nations' desire to balance economic risks amidst US-China competition and signal frustration with the US-dominated international order. The bloc's recent expansion and benefits, such as a $100 billion reserve pool and the New Development Bank, attract countries like Malaysia seeking alternatives to institutions like the IMF that may have impacted past economic crises.
Source: YAHOO