XIAMEN, China, Sept. 3 -- The international business community at the BRICS Business Forum inaugurated here Sunday expressed confidence in cooperation built by the BRICS bloc grouping Brazil, Russia, India, China and Russia, hoping such cooperation can be furthered in future.
About 1,200 business elites from more than 600 enterprises gathered here to attend the two-day forum, an important side event of the BRICS summit in Xiamen City of southeast China's Fujian Province.
"The BRICS is never about short-term fluctuation of economic activity. It's always about complementarity," Jeremy Stevens, an economist with Standard Bank, Africa's largest bank headquartered in South Africa, told Xinhua on the sidelines of the business forum.
In a keynote speech at the opening ceremony of the BRICS Business Forum, Chinese President Xi Jinping acknowledged that BRICS countries have encountered headwinds of varying intensity affected by complex internal and external environments, but he is upbeat about the countries' growth outlook.
Together, the five countries now represent 44 percent of the world's population and 23 percent of the global gross domestic product (GDP), up from 12 percent a decade ago.
"I'm very positive about BRICS and we'll continue to support China in its endeavors to facilitate trade and investment," Stevens said.
Amid the rise of trade protectionism, Stevens said Xi's speech was "so great" as he mentioned Xiamen, one of China's earliest special economic zones, in his opening remarks to remind the world "how important being open to trade and investment."
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