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BRICS contributes more solutions to global peace, development

Date: 2019-11-25
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Chinese President will attend the 11th BRICS summit to be held on November 13 and 14 in Brazilian capital Brasilia at the invitation of his Brazilian counterpart Jair Messias Bolsonaro.

At the summit themed 'Economic Growth for an Innovative Future', the BRICS members are expected to make a collective voice to safeguard multilateralism and support free trade, and offer more solutions to advance BRICS pragmatic cooperation, cope with global challenges, and promote world peace and common development.

Xi noted that the BRICS mechanism owes its birth and growth to evolution of both the global economy and the international landscape. After more than 10 years of development, the BRICS mechanism has been further improved; the pragmatic cooperation has yielded rich fruits; the multilateral collaboration has been further enhanced; and the influence of the mechanism has kept rising.

The BRICS cooperation mechanism has become a stabilizer of the international landscape, a propeller of global economy and a major force for building a new type of international relations. It’s a strategic choice that conforms to the trend of the time.

The BRICS countries seek common development through win-win cooperation. Confronted with sluggish global economic recovery after the global financial crisis, the BRICS countries complemented each other’s advantages and forged closer ties, building a cooperation framework underpinned by economic, political and security cooperation and people-to-people exchanges.

Under the framework, the five countries established the BRICS New Development Bank and the Contingent Reserve Arrangement, and implemented a bunch of projects for mutually beneficial cooperation.


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