Greater role for BRICS
The fifth summit of the BRICS countries, which concluded in Durban, South Africa on Wednesday, has sent positive signals of solidarity, partnership and win-win cooperation. With their pledge to enhance cooperation and coordination in such fields as international politics, economy, finance, trade and development, the group is poised to play a bigger role on the world stage, which should be interpreted as a good trend.
Among the many initiatives that were approved by leaders of the BRICS countries - Brazil, Russia, India, China and South Africa - at the end of the summit, the creation of a development bank, the founding of a foreign reserve pool and the establishment of a business council are eye-catching. These are not just instrumental to the bloc's healthy growth, they are also good news for the rest of the world.
President Xi Jinping elaborated China's position on further cementing its partnerships with the other BRICS countries during the summit, and exchanged views with other BRICS leaders on issues of mutual concern.
