The Policy of "Soft Power" of China within the BRICS

Currently, BRICS is one of the most important trans-regional organizations based on the political, national and economic interests of participating countries. China, as one of the founders of BRICS, considers this organization as not only a platform for developing economic relations with important suppliers of raw materials like Russia, Brazil and South Africa but also as a tool to confront the West and create an alternative model for international relations. In the framework of financial security and independence from the US dollar, the People’s Republic of China contributed to the creation of the New Development Bank (formerly known as the BRICS Development Bank). It proposed making the yuan a working currency, which is used among other things in mutual settlements with BRICS countries. The use of “soft power” by China through promoting cultural, educational, and scientific cooperation, including within BRICS, allows it to occupy leading positions in political and economic spheres.