But of course, that does not mean that the BRICS countries are without problems.

For example, while China and India are expected to see their economies expand by around 6.5 percent and 7.2 percent respectively this year, there is less optimism about Russia, Brazil and South Africa.

According to the World Economic Outlook, updated in July by the International Monetary Fund, South Africa's economy will expand by 1.0 percent in 2017, Russia's by 1.4 percent and Brazil's by 0.3 percent.

However, with concerted efforts, the BRICS five could well expand their pragmatic cooperation.

Wang Yi, the Chinese foreign minister, told reporters in March, citing Xi: "The BRICS countries are like five fingers -- short and long if extended, but a powerful fist if clenched together."

And Xi, addressing an informal meeting of BRICS leaders before the G20 summit in the German port city of Hamburg in July, urged the five member countries to unswervingly promote the building of an open world economy, multilateralism and common development.

The Chinese president said he looked forward to working with other BRICS leaders to ensure the Xiamen summit would deliver results that would inject fresh impetus into BRICS cooperation, offer new solutions on improving global governance, and make new contributions to world economic growth.

To this end, China, as the holder of the BRICS presidency this year, has hosted a series of meetings to drum up support for the Xiamen summit.

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