国内英语资讯:Xinhua Insight: Xiamen summit raises golden hopes_时事

国内英语资讯:Xinhua Insight: Xiamen summit raises golden hopes

The choice of Xiamen to host the latest BRICS summit reflects that openness and growth will have an important place on the agenda.

China has already emerged as a staunch advocate for globalization and open trade, particularly as the world struggles to close a widening development gap while protectionism rears its ugly head.

Xi, in his speech in January at the World Economic Forum at Davos, declared that protectionism was like "locking oneself in a dark room."

Though economic globalization has created new problems, this is no justification to write off economic globalization completely.

"Rather, we should adapt to and guide economic globalization, cushion its negative impact and deliver its benefits to all countries and all nations," Xi said.

This stance is likely to be reaffirmed at the Xiamen summit, which is themed "BRICS: Stronger Partnership for a Brighter Future."

China has consistently pinned high hopes on BRICS for emerging markets with which it can find natural common ground.

While the English acronym is itself catchy, the Chinese translation -- four characters meaning "gold bricks countries" -- conveys confidence in the future.

That sense of confidence is backed by concrete growth. Weathering through the global financial crisis, the BRICS countries have managed to exceed even O'Neill's bullish expectations.

Over the past 10 years, the five countries have contributed more than half of global growth. Their total volume of trade and overseas investment accounts for 16 percent and 12 percent of the world's total, up from 11 percent and 7 percent in 2006.