Overview

• Malaysia is set to begin the formal process of joining BRICS after feedback from South Africa.
• Prime Minister Anwar Ibrahim criticizes the dominance of the US dollar in international trade.
• Anwar praises Chinese President Xi Jinping as an 'outstanding leader' and supports China's rise.
• The announcement comes ahead of Chinese Premier Li Qiang's visit to Malaysia to mark 50 years of diplomatic relations.
• Malaysia and China are expected to sign several economic cooperation agreements during the visit.