Wang Huiyao, Chairman of the Center for China and Globalization (CCG), spoke at the Munich Security Conference on February 16, emphasizing BRICS’ role in shaping a new globalization model beyond ideological and security-driven frameworks. He highlighted BRICS’ financial innovation and infrastructure investments, particularly through the BRICS Bridge, as a way to reduce dependency on Western-led financial systems. As global governance shifts, Wang argued that BRICS presents a transformative economic model, raising the question of whether the world is ready for a new financial order led by emerging markets.
BRICS bridge-February 16, 2025 – Wang Huiyao, Chairman of the Center for China and Globalization (CCG), took the stage at the Munich Security Conference, joining the high-profile panel “Rethinking the Outdated Rules-Based Order.” Co-hosted by the Munich Security Conference and Chatham House, the event gathered policymakers and experts from around the world to discuss the evolution of global governance. Speaking on “BRICS and New-Type Globalization,” Wang emphasized how BRICS nations are pioneering a new economic model—one that moves beyond ideological and security-driven globalization. He pointed to zero-tariff initiatives, infrastructure investments, and financial innovations as key elements positioning BRICS as a force in global development.
Wang further highlighted China’s role in shaping modern globalization, referencing its success in lifting millions out of poverty and setting a model for developing nations. Addressing BRICS cooperation, he stressed the bloc’s deepening economic ties, particularly its collective efforts to reduce dependency on the U.S. dollar and establish alternative financial systems. At the heart of this transformation is the BRICS Bridge, which Wang described as a critical tool for financial collaboration, enabling emerging economies to sideline Western-led financial structures and foster independent trade and investment networks. He argued that BRICS offers a blueprint for constructive competition, challenging traditional global governance models while presenting fresh economic solutions.
From February 14 to 16, 2025, the Munich Security Conference convened world leaders, senior officials, and global strategists to discuss key geopolitical issues. Notably, CCG remains the only Chinese think tank to have hosted official side events at the Munich Security Conference for five consecutive years. As BRICS continues to assert its role in reshaping global economic dynamics, the world now faces a defining question: Is the international system prepared for a financial order led by emerging markets?