New | Seize the moment: Xi tells BRICS tighter unity will boost prosperity
Even in globally challenging times, the five nations can reap economic benefits by working together, president says at Russian summit
Chinese President Xi Jinping has called on emerging markets to strengthen their competitiveness and help boost global economic growth.
In his remarks at a summit and meetings with leaders of the BRICS bloc, which also includes Brazil, Russia, India and South Africa, Xi said the group should work together to protect the interests of emerging markets, and gain better representation at the International Monetary Fund.
“The BRICS nations face new challenges under the existing global economic trend, but there is still great potential to tap the development of BRICS economies,” Xi said in the Russian city of Ufa.
“The economic and trade cooperation among BRICS nations have entered a critical and important period.”
Xi also said the bloc should push for more nations to support its development bank, the “One Belt, One Road” initiative and the Beijing-led Asian Infrastructure Investment Bank.
The bloc should also help maintain the post-second world war international order, Xi was quoted by Xinhua as saying.