Alongside the long list of traditional topics like trade expansion, health, and climate change, the upcoming BRICS summit is anticipated to delve into numerous unconventional subjects. Although a central feature of this summit is the discussion on the BRICS membership expansion process and BRICS unified currency, it is also exploring fresh opportunities for cooperation, particularly in the digital economy— an arena of increasing importance in today’s interconnected world.
The essence of BRICS cooperation lies in equality, mutual benefits, inclusivity, and common development. It is not a means of confrontation against any third party but a collaborative effort aimed at fostering economic growth and shared prosperity. While BRICS nations exhibit varying levels of economic development and priorities, shared interests bind them. Overcoming challenges requires unified efforts beyond isolated initiatives. Prioritizing shared concerns like infrastructure, tech R&D, and industrial transformation can foster practical cooperation. Similarly, embracing the digital economy holds the potential to forge a strong cooperative path forward. The digital economy presents an immense arena for future cooperation, bolstered by the collective economic might and vast market potential of the BRICS nations.
These countries together constitute over 40 percent of the world’s internet users and possess abundant digital resources. China’s 2022 data achievements, contributing 10.5 percent and 14.4...
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