China, Russia and India are seeking deeper economic cooperation at the BRICS summit, where leaders are discussing trade, investment, energy, technology and financial coordination. The expanded grouping wants greater influence for emerging economies and is considering ways to increase trade in national currencies while reducing dependence on Western financial institutions. However, disagreements over geopolitical conflicts and relations with the United States could complicate efforts to reach a unified position. India is also balancing ties with Washington, Moscow and Beijing carefully.
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