Foreign media speak highly of BRICS summit

08:22, April 18, 2011      

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Chinese President Hu Jintao (C), Brazilian President Dilma Rousseff (2nd R), Russian President Dmitry Medvedev (2nd L), Indian Prime Minister Manmohan Singh (1st L) and South African President Jacob Zuma (1st R) attend a photocall in Sanya, south China's Hainan Province, April 14, 2011. (Xinhua/Li Xueren)

Foreign media have recently spoken highly of a summit grouping leaders of BRICS countries - China, Brazil, Russia, India and South Africa, saying it has revealed the bloc's solidarity and increasing influence.

The summit clearly showed that the philosophy of "harmony" and "scientific development" was spreading worldwide, Brazilian daily Folha de Sao Paulo said in an article on Saturday. < The summit promoted the more balanced development of the world, World Journal, the biggest Chinese-language newspaper in the United States said Friday. With the influence spreading worldwide, the summit will further boost the status of the developing countries in the world arena, it said.

Wall Street Journal on Thursday called the meeting "a platform" to boost the group's profile, saying "it is likely to produce positive rhetoric about cooperation among the five emerging economies."

In an article, Canadian newspaper Globe and Mail hailed the economic achievements of the BRIC countries. "Economically, the BRIC group is already a success. The BRIC economies have grown so dramatically in the past few years," it said, adding China overtook Japan last year to rank behind only the United States in economic size.

French daily Les Echos highlighted BRICS countries' aspiration to build a more multilateral international financial system while noting that they appealed to limit the financial speculative behavior and establish a stable currency reserve system.

Russian Newspaper Rossiiskaya Zazeta said the bloc is broadening the scope of its cooperation each year, with the focus of the summit shifting from merely economic concerns to hot issues on international politics.

Another Russian daily Nezavisimaya Gazeta said the group was dissatisfied with the hegemony of the Western countries including the United States in the international financial institutions and hoped to have greater say in tackling with the international economic issues.

The leaders of the BRICS countries wrapped up a one-day summit in Sanya, China's southern Hainan province, on Thursday with repeated calls for reforming the global monetary and financial system and more promises of cooperation among themselves.
Source: Xinhua
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