The potential for BRICS cooperation has yet to be fully unleashed, Xi said, citing the five countries' foreign investment totaling 197 billion U.S. dollars in 2016, only 5.7 percent of which took place among BRICS members.
He urged advancing cooperation in sectors such as trade and investment, monetary and finance, connectivity, sustainable development and innovation.
In the latest demonstration that BRICS is a task force that gets things done, the president announced China will launch an economic and technological plan for BRICS countries with 500 million yuan (about 76 million U.S. dollars) for the first term to facilitate exchanges and cooperation in the economic and trade fields.
China will also provide 4 million U.S. dollars for projects of the BRICS New Development Bank, which opened in 2017.
FIVE WITH ONE voice
As a stabilizer in regional and international relations, BRICS has been working hard to gain a bigger say on the international stage.
The stance was reaffirmed by Xi at the summit.
"We the five countries play a more active part in global governance. Without our participation, many pressing global challenges cannot be effectively resolved," Xi said. "We should speak with one voice and jointly present our solutions to issues concerning international peace and development."
He said the BRICS should work for a new type of international relations and push for economic globalization that is "open, inclusive, balanced and beneficial to all."
【国内英语资讯:China Focus: Xi chairs summit to set course for next golden decade of BRICS】相关文章:
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