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The world economy is undergoing a profound transformation, and BRICS countries are the ones driving it, with China and India alone set to contribute around 45% of global economic growth this year. At the same time, China's 15th Five-Year Plan is opening up new opportunities for the world. CGTN's Bhargab Sarmah says developing countries today have a genuine alternative in a world that has long been dominated by Western institutions.
The world economy is undergoing a profound transformation, and BRICS countries are the ones driving it, with China and India alone set to contribute around 45% of global economic growth this year. At the same time, China's 15th Five-Year Plan is opening up new opportunities for the world. CGTN's Bhargab Sarmah says developing countries today have a genuine alternative in a world that has long been dominated by Western institutions.