In a strategic response to tariff pressures led by the United States, China recently launched the China Center for Cooperation on Special Economic Zones in BRICS Countries in Qiantang district, Hangzhou.

This move marks the establishment of China's first BRICS economic platform mechanism and aims to strengthen multilateral trade collaboration among BRICS nations and partner countries.

Backed by 11 member states and nine partners, BRICS economies now account for around 30 percent of global GDP and nearly 45 percent of the world's population. The center's establishment follows closer dialogue between China and BRICS countries and signals a push for fairer global trade rules, greater financial cooperation, and reduced reliance on Western-dominated systems.

Qiantang district was chosen due to its robust industrial base, high-level development zones, and existing international trade infrastructure. Local officials made seven formal proposals to the Ministry of Commerce, emphasizing the district's readiness to host the center.

The center will implement a Ten Ones plan, which includes creating an international operating body, establishing trade cooperation mechanisms, and attracting major investment projects. By 2029, it aims to elevate BRICS collaboration in trade, technology, and standards alignment.

With Zhejiang province facing mounting global trade challenges, officials see the initiative as a key opportunity to diversify markets, drive innovation, and reshape China's external economic landscape.