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

Early last month, trade ministers met in Shanghai and agreed to unite against protectionism and safeguard the multilateral trade system. Days before that, a BRICS security meeting was held in Beijing, with discussions on global governance, anti-terrorism, the internet, energy, national security and development.

In June, finance ministers and central bank governors agreed to strengthen cooperation in several fiscal and financial areas, including the BRICS New Development Bank (NDB) and regulatory collaboration.

Shen Yi, director of the center for BRICS studies at Fudan University, said, "I think this year's summit in Xiamen will produce more practical and concrete cooperation, and improve trust and confidence among the BRICS countries."

Over the years, the five participating countries have improved macroeconomic policy coordination, promoted structural reform, infrastructure and taxation cooperation, and pushed forward new progress in fiscal and financial domains.

The grouping, which is based neither on ideology nor geopolitics, is seen as a new and perhaps better form of global governance in which emerging markets play key roles.

But the bloc does not want to limit future cooperation to the five nations.

In March, Chinese Foreign Minister Wang Yi said that China would explore options for expansion to a "BRICS plus" and build a wider partnership through dialogue with developing countries and international organizations.