China Development Bank (CDB), one of the two largest Chinese overseas lenders, will maintain its level of financing to support projects in BRICS countries, the bank's chairman said.
New Development Bank (NDB) launched its African Regional Center (ARC) in Johannesburg, South Africa on Thursday to herald new opportunities for developing countries in Africa.
It is important for BRICS countries to exchange governance experiences as the bloc, consisting of emerging and developing nations, strives to usher in its second "golden decade", a senior publicity official said on Thursday. Huang Kunming, executive vice-minister of the Publicity Department of the Communist Party of China Central Committee, said the five BRICS countries — Brazil, Russia, India, China and South Africa — have gained valuable governance experience in past years that produced excellent economic growth despite global sluggishness.
