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BRICS to help deliver global economic recovery, fairer world order (2)

By Liu Chang (Xinhua)

15:09, March 25, 2013

Worldwide watchers, particularly those from the West, began to wonder whether BRICS members could maintain their economic vitality, and question their ability to withstand the future economic challenges.

However, the pessimists and skeptics may well be proved wrong, and there are good reasons.

With almost 30 percent of the world's territory, 42.9 percent of population, the BRICS nations have been in the middle of their pursuit toward urbanization, industrialization and modernization, all of which would nurture huge market demands, a key source of power that would continue to walk the world economy back to sustainable growth.

The growing demands among the BRICS countries would not only present great opportunities to the stagnated Western economies, but also boost the exports of other developing nations and their economic development.

In China, for example, the country's total imports during the 12th five-year plan period (2011-2015) are expected to hit 11 trillion U.S. dollars, and such a tremendous demand will benefit both the wealthy nations and the developing countries.


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