The 17th BRICS summit was held in Rio de Janeiro in July, and they failed to launch a new currency. The leaders did not mention de-dollarization, fearing further tariffs from Trump. Almost all BRICS nations are backtracking from their goal, except for China and Russia. The two countries are having bigger goals and could put them into work during the 2026 summit.

The 18th summit will be held in India’s capital, New Delhi, and the alliance might announce groundbreaking policies. Especially, BRICS member China is eager to make the 2026 summit all about itself and internationalize the Chinese yuan. Xi Jinping is aiming to make the Chinese yuan the de facto currency of the developing world.

While the US dollar will be revered in the Western world, the Chinese yuan could be an important currency among emerging economies. That’s the plan among the Chinese counterpart, as he once revealed that the yuan will be protected by the manufacturing industry. “What ultimately matters is manufacturing, not services,” said Xi Jinping.

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BRICS 2026 Roadmap From China

China’s model for BRICS 2026 is to leverage its manufacturing sector, making it the a central part to promote the Chinese yuan. The Communist country plans to issue loans through the New Development Bank (NDB) directly in the yuan, which makes all funds flow via Chinese banks. These loans come with terms and conditions that allow Chinese companies to build railroads, airports, and power grids, among others.

These loans would automatically stimulate Chinese industries, making their economy and GDP much stronger. Repayment would also be made in the Chinese yuan, forcing the borrowers to hold more of the local currency. China could lay out the master plan at the BRICS 2026 summit in New Delhi. However, BRICS is a consensus-based alliance, and only if member nations agree, the idea will go forward.