<div class="watcher-guru"> 
 <p>China’s Commerce Minister Wang Wentao delivered a speech at the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> summit on behalf of Chinese President Xi Jinping. Wentao began his speech with a veiled attack on the U.S., claiming that America is obsessed with maintaining its global hegemony. The minister also said that the U.S. is obstructing the growth of other developing countries by forcing them to use the dollar. Wentao stressed that every country has the right to chart its own path, and America must stop containing its growth.</p> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: Ending Reliance on the U.S. Dollar Main Agenda of Summit</strong></p> 
 <p>While the commerce minister did not specify the U.S. by name, the target and tone remained clear. <strong>“Everything we do is to deliver better lives to our people. But some country obsessed with maintaining its hegemony has gone out of its way to cripple the emerging markets and developing countries,”</strong> he said.</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>The Minister added, <strong>“Whoever is developing fast, becomes its target of containment. Whoever is catching up becomes its target of obstruction. But, this is futile. Every country has the right to development. The people in every country have the freedom to pursue a happy life,” </strong>he said in a veiled attack on the U.S.</p> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: Expansion Top Agenda of the Summit</strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <h2 class="wp-block-heading" id="h-brics-china-vs-the-u-s">BRICS: China Vs the U.S.</h2> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="683" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="us dollar chinese yuan usd brics" class="wp-image-100918 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp.webp 1279w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 1024w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 768w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 380w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 550w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 800w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 1160w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 1279w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp" alt="us dollar chinese yuan usd brics" class="wp-image-100918" srcset="https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 1024w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 768w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 380w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 550w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 800w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 1160w, https://cdn.thebittimes.com/images/2023/08/23/b85258aa29c2ade8bb4fd5e1b6d3c19e.webp 1279w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: scmp.com 
  </figcaption> 
 </figure> 
 <p>China and Russia are ramping up their criticism of the U.S. at the ongoing <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> summit. Russian President Vladimir Putin said that <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is building an effective payment mechanism to challenge the U.S. dollar. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> members will settle trade in local currencies, ushering in a new era in the financial world.</p> 
 <p><strong>Also Read: BRICS: Warren Buffet Predicts How Long USD Will Remain Global Currency</strong></p> 
 <p>However, India and Brazil remained cautious by not delivering veiled attacks or statements against the U.S. and other Western allies. India and Brazil have close ties with the West, with trade agreements worth billions of dollars on both sides. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is an acronym for Brazil, Russia, India, China, and South Africa. The bloc is looking at expansion and could induct many more countries by the end of the year.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>BRICS</li> 
  <li>BRICS Summit</li> 
  <li>china</li> 
  <li>USA</li> 
 </ul> 
</div>

BRICS: China Targets U.S., Says America Is Obsessed With Hegemony

Table of Contents

TheBitTimes

Other articles published on Aug 23, 2023

Coinbase CEO Unveils Key Trigger for Base's Impressive TPS

Bitcoin Analysis: $BTC Struggling to Hold $26,000 As Traders Hedge Bets With These Newly Emerging...

BTC May Enter Into a Bullish Cycle as the Halving Edges Closer

Binance Teams Up with Alpine F1 Driver Pierre Gasly for Helmet Design Contest

OpenSea former exec imprisoned for NFT insider trading

Elon Musk Accuses Facebook Of Manipulation, Calls For Algorithm Transparency

Join our free newsletter for daily crypto updates!