BRICS countries have been committed to multilateralism, fairness and justice in the past decade, Chinese President Xi Jinping said Sunday. [Special Coverage]
He made the remarks in a keynote speech at the opening ceremony of the BRICS Business Forum scheduled for Sunday and Monday.
BRICS countries have endeavored to fulfill their international responsibility, and have staked out their positions on major regional and international issues and made proposals for addressing them during the past decade, Xi said.
The countries have promoted reform of economic governance to increase the representation and say of emerging market and developing countries, according to the president.
The bloc has also taken the lead in implementing the Millennium Development Goals and Sustainable Development Goals, and engaged in close dialogue and cooperation with other developing countries to pursue development through unity, he noted.
The leaders of Brazil, Russia, India, China and South Africa will meet at the ninth BRICS summit in China's southeastern Xiamen City from Sunday to Tuesday.
An important side-event of the BRICS summit, the forum serves as a platform for business leaders to discuss issues of common concern, build consensus and raise policy suggestions.
Coined by former Goldman Sachs economist Jim O'Neill in 2001, the term "BRIC" referred to Brazil, Russia, India and China, four emerging economies with fast growth and great potential.
The BRIC grouping was formally established in 2006. In 2010, South Africa joined the group, and the acronym was changed to BRICS.
