BRICS nations can be anchor of global economy, politics

14:31, April 14, 2011      

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Today, April 14, leaders of BRICS nations convene together to discuss the issue of cooperation and development in Sanya City of southern China's Hainan Province, and this meeting has captivated the attention of the world.

Actually, considering the rapid economic growth in BRICS nations, their populations and their contributions to the world, the BRICS can really be considered the anchor of the global economy and politics.

A vast amount of facts has shown it is very important to observe the development of global economy by knowing new rising markets, especially the global effects brought by the development of BRICS nations.

The rapid emergence of new rising markets in the world represented by BRICS nations brings a more active internal economy within those countries and interactions of mutual economic cooperation among these countries on one hand.

And on the other hand, it also effectively promotes the development of regional economies and causes a connected effect among emerging markets in its regions, such as China and its neighbors. Currently, the radiometric force brought by the Chinese economy has already become an important force to drive economic development in its surrounded countries, especially southeastern countries.

However, the great radiometric force of the Chinese economy is not only based on its huge market scale, relatively strong competitive strength and its comprehensive power but also on its stable politics.

At a time when severe political upheavals have appeared in some regions, China's stability is good to both the Chinese people and the world, and China plays an irreplaceable role in promoting the smooth sailing of global and regional economic vessels.

So far, it is a crucial moment for the management and reform of the global economic order, and the promotion of global economic stability will largely depend on new rising markets' level of involvement and actions. Therefore, China, as the member of the new emerging markets with the most population and a relatively rapid economic growth, should take great responsibility in the process.

However, some people consider China's dedication to coordination of BRICS nations a show of antagonism against Western countries, and that is an absolute misunderstanding about China's strategy or even bias against China and the world's development.

Think about it! Can the global economy maintain a stable and sustainable growth without the participation of new emerging markets like China?

China is a developing country, and the fact does not change because of its rapid economic growth. Therefore, China does not want to be the leader or even replace some developed country.

And actually, China and other BRICS nations can play their important role in world only when they cooperate with each other and bring more developing countries to join their team.

So, China will promote the coordination and cooperation between BRICS nations and more developing countries and form the constructive force of "promoting modern system to go into a rational future" on the basis of strengthening South-South Cooperation.

China, as a developing country with a population of 1.3 billion, is moderately stepping towards the center stage of the world, and that will have a great effect on the world's economy and politics. Meanwhile, the stable development of world also needs vibrant voices from BRICS nations and new emerging market nations.

By Wang Hanlu People's Daily Online
  Weekly review  


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