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More Countries Flock To China’s Anti-US Dollar All

More Countries Flock To China’s Anti-US Dollar Alliance Ahead Of Major Meeting


Nearly twenty nations have expressed interest in joining the BRICS economic bloc, ahead of the China-led group’s annual meeting in early June, Bloomberg reported Monday.
The economic alliance — composed of the emerging markets of Brazil, Russia, India, China and South Africa — will consider its expansion at its Cape Town, South Africa meeting, after China first proposed the idea at last year’s meeting, which it hosted,  according to Bloomberg. China economically dominates the bloc — which it is hoping to develop into a diplomatic and economic counterweight to the U.S.-led international economic order.  (RELATED: ‘Increasingly Under Siege’: How Interventionist Foreign Policy And A Rising China Threaten The Dollar’s Dominance)

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