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Diplomacy must to solve conflicts:
Context
- Prime Minister Modi and President Xi are expected to hold a one-on-one meeting during the ninth BRICS summit at Xiamen
Doklam Issue
- With military tensions between India and China finally coming to an end, the meet might focus
- The agenda for the meet shall be aimed at “peace and development” of the five emerging countries.
- Mr. Modi is scheduled to hold a meeting with nine other countries, including BRICS partners, during an Emerging Markets and Developing Countries Dialogue
BRICS bank
- The New Development Bank (NDB) of the world’s five emerging economies has begun construction of a state-of-the-art headquarters in Shanghai, symbolising the rise of the grouping in revamping the world’s financial architecture.
- Prior to the meeting, Beijing focused on highlighting the maturing of the BRICS institutional architecture.
De-linking Belt-Road
- India’s disagreement to any formal docking of China’s Belt and Road Initiative with the BRICS as part of an end-of summit document in Xiamen.
- China’s proposal for establishing a BRICS arrangement where the host country of the summit is free to invite non-members is likely to be endorsed at Xiamen.
