2011 BRICS Summit
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Editor's notes: The BRICS Summit, the third of its kind, will be held on April 14 in Sanya, a coastal city of China's Hainan Province. The summit will focus on global financial reforms, the international economic and financial situation, multi-polarity of global systems, development issues and co-operation among the member countries. |
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News • BRICS leaders issue Sanya Declaration Leaders from the five BRICS nations issued a joint declaration Thursday, saying that force should be avoided in resolving regional turbulence. [Full story] • Hu calls for financial reform at BRICS summit • Hu calls for stronger partnership in BRICS
Opinons • restoring balance to the world [debate room] • BRICS: restoring balance to the world |
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About BRICS BRICS is a grouping acronym that refers to the countries of Brazil, Russia, India, China and South Africa which are all deemed to be at a similar stage of newly advanced economic development. The term of BRIC was first coined by Goldman Sachs economist Jim O'Neil in 2001 to group four fast-growing economies -- Brazil, Russia, India and China. South Africa was invited to join the grouping in late 2010. Leaders to attend the summit
Key issues ◆ Economic development BRICS hope to build up new era of prosperity Emerging economies - pioneers of global economy BRICS to cccount for half of world GDP by 2030 ◆ Cooperation Sino-Indian cooperation in the BRICS context Growing ODI boosts regional cooperation Russian WTO entry gains support Likely shape of China-South Africa cooperation in BRICS BRICS summit to bring new opportunities for cooperation ◆ Financial reform BRICS nations should expand local currency settlement China's role As the good times roll from East to West
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