Abstract
West dominated global financial institutions like IMF and World Bank serves the interests of the US in a unipolar world. Some new emergent economies along with China have endeavored to counter these global hegemonic financial institutions by initiating new financial institutions in the form of BRICS and NDB. This paper attempts to explore the role of a rising China in BRICS, and how it makes ways for multipolarity. It further reveals the implications of the economic plans of BRICS nations in the western world. Through descriptive-analytical research, that draws inference from a mainly qualitative approach, this research has been informed from both primary and secondary data. China is successful in her approach towards global multipolarity, which is being countered by the US through a new Cold War. The western world should view the economic blocs and mounting economies optimistically as opportunities, not threats to avoid future conflicts in the form of New Cold Wars.
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