BRICS riding epochal tide to momentous summit

08:58, April 13, 2011      

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Still reeling from the just-passed financial maelstrom, the global economy is now, at best, in poorly charted waters, and needs both good engines and good steering to navigate ahead.

This perception is particularly true as markets across the world are also feeling the shock waves of, among others, the political unrest sweeping North Africa and the Middle East -- a major source of global oil supply -- and the recent massive earthquake and tsunami and the still-unfolding nuclear crisis bedeviling Japan -- the world's third largest economy.

It is in such a challenging context that leaders of Brazil, Russia, India, China and South Africa, a quintuplet of major global economic engines known as BRICS, gather Thursday in the southern Chinese city of Sanya not only to chart the course forward for the young and promising operation mechanism but to explore ways of reinforcing the still fragile world economic recovery.

High on the agenda of the gathering, themed "Looking into the Future, Sharing prosperity" and to be chaired by Chinese President Hu Jintao, are the international situation, global economic and financial affairs, development issues and cooperation within BRICS, Chinese Assistant Foreign Minister Wu Hailong said at a press briefing earlier this month.

The conference, the first for South Africa as a full member and the third for the others, "will convey to the international community a message of confidence, solidarity, cooperation and common benefit," Wu said. "We hope that through the concerted efforts of all parties, this meeting will be an important milestone in the cooperation process among the BRICS countries."

A more efficient and productive cooperation regime accords with the interests of both the BRICS and the whole world, as it will not only bring substantial benefits to the peoples of the five member countries but help boost global economic growth and contribute to world peace and development, said the assistant minister.


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Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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(Editor:梁军)

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