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CNN CNN Newsroom Live June 4, 2024 08:30:00

Mckenzie who is in johannesburg. david, let s focus on the question of expansion. certain members, particularly china, have made it clear how they envision these countries working together to break that western hegemony. what countries might be considering joining this bloc and what would be the stipulations of them doing so in. reporter: still trying to figure that out. what we do know is that multiple countries including saudi arabia, united arab emirates, drc and others have formally applied to join the brics grouping. earlier today you ve had xi jinping and narendra modi and the red carpets coming to the main day of the brics summit. this is a high stakes summit. an odd collection of countries with the biggest automatic to being autocracy and china and ....

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CNN Early Start June 4, 2024 09:12:00

And they are considering bids from nearly two dozen other countries to join their bloc. vladimir putin could not attend as he is wanted for war crimes. david mckenzie is live for us in johannesburg with more. how is the summit going and what more can we expect today? reporter: danny, good morning. you have these world leaders assembly just a short time ago, most critical day of the brics summit. and of course not in attendance amongst those leaders is russian president vladimir putin. he has already shown his presence virtually because if he were to set foot in this country, he could be arrest arrested for those alleged war crimes that have happened in ukraine. but i think that this is a critically important meeting because china in particular is looking to expand this grouping of countries to increase their economic and political cloud on the world stage. though they haven t said it directly, it certainly is the ....

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CNN CNN Newsroom Live June 4, 2024 08:33:00

This is the first in-person summit of the brics grouping, this is xi s only send cond international trip this year. we did learn that he met with the south africa president, he received an order of south africa award from him and later in the evening he attended a dinner with brics leaders. so they are wondering why did he skip out on his own drs. we reached out tbonnie glazer and she told cnn that it is extremely unusual foa chinese leader to show up in a country hosting a multilateral meeting especially one that china is deeply invested in like brics and il to show up at the oping event. cis and he said the absence is highly unusual. chinese leaders rarely go off script and xi s disappearance is yet another remind their beijing ....

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CNN CNN Newsroom Live June 4, 2024 08:36:00

Moscow to see his quote/unquote dear friend putin. so this kind of dynamic and priority really in a way underscores what david was saying, that despite their vastly different political and economic models, these countries, these leaders are indeed bonded over their shear desire or some would say grievances over the current global order led by the u.s. so the potential expansion of the grouping and the potential reduction on the reliance on u.s. dollars, it will all be beneficial to china at a time when tensions remain high between beijing and washington with a lot of talks about decoupling about china and the west and also beneficial to xi jinping as he further cements china s leadership position in this grouping. but remember, he also arrived in south africa at a time when the chinese economy is facing its strongest head winds in decades. he is facing a myriad of problems here at home. so he may be seeking potential new markets for china exports, but also he may face more con ....

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CNN CNN Newsroom Live June 4, 2024 08:35:00

To counteract the g7 certainly thematically will be looking to have a more multipolar world. and there is some talk of developing the bank to get more money to bric countries and as well as possibly easing off the reliance of the u.s. dollar for international trade. i think that is a far longer term objective, but this is a meeting of powerful nations, more powerful nations since when bric was first conceptualized more than ten years ago. we ll see if they can get consensus on expanding this grouping, but it is a fascinating meeting with important implications. and the most powerful country is indeed china, steven. and we rarely see xi jinping travel outside the country. so he is putting his full support behind it, it seems. reporter: so worth noting this is only xi jinping s second international trip after the pandemic. first one was back in march to ....

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