checks USD exchange rates
Yep it's still the only currency that matters.
Checks Indian-Chinese relations
Yep they still have effective visa bans against each other.
So what is this BRICS club exactly? A dictionary club?
replies(6):
It's called "blunting".
The best way to undermine alliances is to be a part of them and undermine consensus.
China did this to APEC in the 1990s and the WTO in the 2000s, and India is doing the same in BRICS and SCO.
Because this is a zero-sum competition, this means if one is a member of an alliance, the other needs to join as well to blunt their relative advantage.