Fears of global competition

China, Russia pose blatant challenge to economy, security of world order

China and Russia have evidently bolstered their ties to challenge both the economic and security dimensions of the current international order led by the United States and Europe.

The BRICS group — which comprises the five emerging economies of Brazil, Russia, India, China and South Africa — has put forth a policy of strengthened cooperation after holding a summit meeting in the central Russian city of Ufa.