LINE

    Text:AAAPrint
    Politics

    More substantial cooperation needed in BRICS over next decade

    1
    2017-09-05 10:25Xinhua Editor: Gu Liping ECNS App Download

    BRICS members should cooperate more deeply in the coming decade to improve the group's performance and increase tangible benefits for its people.

    At the opening of the BRICS Business Forum on Sunday, Chinese President Xi Jinping said the five countries should continue to implement agreements and consensus already reached, use current mechanisms, and actively explore new ways and new areas of cooperation to ensure durable and fruitful cooperation.[Special coverage]

    In the first decade, BRICS cooperation saw fruitful results through the hard efforts of its members -- Brazil, Russia, India, China and South Africa, which account for 42 percent of the world's population and contribute to more than 50 percent of global economic growth.

    With more than 60 cooperation mechanisms established, the countries have engaged in cooperation covering economy, trade, finance, science, technology and culture.

    Most noticeably, the BRICS New Development Bank and the Contingent Reserve Arrangement, which supplement major Western-dominated international financial institutions and provide financing support for infrastructure and sustainable development of BRICS members.

    The group has become an increasingly important and indispensable force in the world economy and global economic governance, shining through the dark clouds of de-globalization, protectionism and populism across the globe.

    Its achievements have laid a solid foundation for the group to embark on a second "golden decade" of cooperation.

    However, Western doomsayers have often doubted the viability and practical results of BRICS cooperation, claiming that the group had lost its luster or fallen apart, completely ignoring the progress it has made.

    Blind and prejudiced speculation that belittles BRICS and its increasingly influential role in international affairs will come to little.

    BRICS nations have encountered headwinds of varying intensity in recent years due to complex internal and external environments. This makes substantial cooperation among BRICS members more necessary than ever.

    China, which holds the group's rotating presidency this year, has proposed "BRICS Plus" to invite leaders of five other developing countries, including Mexico and Egypt, to the summit for dialogue with BRICS leaders.

    With wider participation and cooperation, BRICS will increase its vitality and expand its influence.

    BRICS countries will make substantial progress in the new decade, with the summit in Xiamen a new starting point.

    A "golden decade" will not come easily unless BRICS continues to institutionalize and substantiate cooperation.

    Such substantial cooperation will not happen without upholding the shared spirit of treating each other as equals, seeking common ground and adopting a results-oriented approach.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 略阳县| 克拉玛依市| 高碑店市| 巴塘县| 鄯善县| 延津县| 怀来县| 唐河县| 肃宁县| 东宁县| 遂溪县| 伊宁县| 汶上县| 道孚县| 阿坝县| 中超| 宿迁市| 庐江县| 平湖市| 嘉兴市| 永年县| 威宁| 靖州| 拉萨市| 恩施市| 五河县| 佛教| 防城港市| 紫阳县| 南昌县| 奎屯市| 高密市| 柏乡县| 邹城市| 凌源市| 郧西县| 甘泉县| 太原市| 夏津县| 浠水县| 九龙县|