China pushes for developing world's rights as BRICS summit opens

Comments (12)
UauS wrote:

Never trust a commie!

Jul 14, 2014 12:13am EDT  --  Report as abuse
justin2013 wrote:

How about some rights for those poor souls doing slave labor in Chinese sweat shops so apparel can be sold cheaply?

Jul 14, 2014 12:18am EDT  --  Report as abuse
aussieaussie wrote:

Unlike this editorial, I will give my support to the BRICS development! Brazil, China, India, Russia and South Africa, that’s a sizable economic region, must surpass the EU in size yeah? This is not a surprise, after all, the International Monetary Fund was set up in 1945, describing itself as an organization working to create global monetary cooperation? secure financial stability? facilitate international trade? promote high employment and sustainable economic growth? and reduce poverty around the world?
This all sounds very laudable, but in reality the IMF has a very different purpose from that which is stated. If you look at the history of the IMF’s intervention in countries around the world you will see a trail of disaster and looting that repeats time and time again wherever they go, (just wait and see the destruction that takes place in Ukraine) thus my support for the BRICS!

Jul 15, 2014 3:33am EDT  --  Report as abuse
CF137 wrote:

“In the blood of the Chinese people there are no genes for invading others or dominating the world”
————

Yeah, they only have the genes to dominate their own people, for now.

Jul 15, 2014 3:51am EDT  --  Report as abuse
joooooooo wrote:

someone like buying cheap goods made in china,but they against chinese factory,funny,u want a 200dollars Tshirt or 5dollars?

Jul 15, 2014 4:12am EDT  --  Report as abuse
Hahahappy wrote:

Oy oy oy, I’m with you aussie.

Jul 15, 2014 5:10am EDT  --  Report as abuse
DmitriPdfsdf wrote:

This is a sign of a changing world. New cooperation with huge developing economies spells trouble for western corporations, but has gold shining in the eyes of the Russians and Chinese with their businesses. It looks like their multipolar world will happen.

Jul 15, 2014 9:23am EDT  --  Report as abuse
dwreck2you wrote:

kiss your fiat money–

Jul 15, 2014 10:39am EDT  --  Report as abuse

This is quite funny that Reuters tells of BRICS and its initiatives in a very misleading way: as a Chinese enterprise. Which is utterly not correct.
Russia was the initiator of BRICS as an institution reflecting the realities of the multi-polar world.
And that why we Russians are standing the pressure of the U.S.and its allies. Even a remote possibility that the complete domination might be lost makes the U.S. elites absolutely mad.
The anti-Russia campaign is raging in 28 countries of NATO, which – for whatever reason – imagined themselves The World Community.
The Russophobic madness is intense. It rages daily. It’s unprecedented. It exceeds the worst of Cold War vitriol. Malicious misinformation persists.
REASON is exactly this: BRICS as the direct threat to old banking families that used to hold the world’s throat.
Not Any Longer.

Jul 15, 2014 2:10pm EDT  --  Report as abuse
PopUp wrote:

China also wants the rights to all your minerals and production facilities, plus all the food you grow. So don’t be fooled by their generous nature.

Jul 15, 2014 2:48pm EDT  --  Report as abuse

I have been predicting this for well over a decade now, that an alternative currency to the USD will emerge shortly. This is because of the short sightedness of US banking controls exercising sanctions on countries that do business in the USD. This myth will soon be debunked and watch how impotent the USD will become in the next 2 years. ONLY then will USA realize in retrospect how they could have done things better. BRICS will be the next power group as soon as 2018. CIA had predicted this by 2025, that’s how short sighted US is.

Jul 15, 2014 3:40pm EDT  --  Report as abuse
carlmartel wrote:

I agree with aussie. The IMF and World Bank have pushed US and NATO interests rather than the interests of developing lands. That is why China’s economic investments are preferred by most countries in Africa that has over 2.5 times as much trade with China as with the US. The West, with the US leading, imposes sanctions on other lands to force them to accept policies that the West likes, but sanctions harm the West’s economies too. Sanctions keep the US trading with only 50% of the world while China trades with nearly 100%. The US has a more than $500 billion annual trade deficit while China earns over $300 billion per year in trade because 100% is bigger than 50%.

A new development bank will let countries gain development without forcing adoption of “rights” that most people never knew that they need, have, or want. The most important right that most people want is the right to earn a living that BRICS countries are increasing while that right is losing ground in the West. The global financial crisis started in the US; recovery is not yet complete; and new shocks appear to be coming. A new global financial institution that seeks financial improvements and lets political developments occur at the pace that local people choose is better than constant local economic delays over US and EU political issues.

Jul 15, 2014 7:55pm EDT  --  Report as abuse
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