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Chinese president calls for closer BRICS cooperation, G20 coordination

(Xinhua)

08:25, June 19, 2012

Chinese President Hu Jintao attends a meeting of leaders of Brazil, China, India, Russia and South Africa, or BRICS, in Los Cabos, Mexico, June 18, 2012. (Xinhua/Lan Hongguang)

LOS CABOS, Mexico, June 18 (Xinhua) -- The leaders of BRICS nations met here Monday and agreed to boost cooperation within the group of five major emerging economies.

Chinese President Hu Jintao attended the meeting, held on the sidelines of a G20 summit in this Mexican resort city, along with Brazilian President Dilma Rousseff, Russian President Vladimir Putin, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma.

Hu urged the G20 summit, which will start later in the day, to pick up the all-in-the-same-boat spirit and buoy up the international community's confidence in the global economic recovery.

Noting that BRICS members have boosted coordination and cooperation in a variety of areas, Hu said the BRICS nations should next commit themselves to promoting economic growth and improving the people's livelihood.

The five countries should "manage their own things well, maintain the momentum of development and contribute to the recovery of the world economy," he said.

The BRICS nations, Hu added, should firmly push forward the reforms in international economy and financing so as to increase the presence and say of emerging economies and developing countries, improve global economic governance, and create an institutional framework conducive to long-term, healthy growth of the world economy.

The president also said the BRICS nations should jointly work to deepen pragmatic cooperation in various areas and strengthen consultations among their fiscal and finance departments.

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