Shanghai-based observer Zhu Jiejin said that during the ninth BRICS summit, Chinese President Xi Jinping is likely to discuss ways to strengthen partnerships and confront global uncertainties, such as de-globalization, protectionism and unilateralism. “BRICS cooperation is an innovation, which transcends the old pattern of political and military alliances and pursues partnerships,” said Zhu Jiejin, deputy director with the Center for BRICS Studies at Shanghai-based Fudan University.
Leaders from the BRICS countries will congregate in China’s southeastern coastal city of Xiamen to attend the BRICS summit, which will be held from September 3 to 5.
Chinese President’s idea of calling “BRICS Plus” will help strengthen cooperation between BRICS and other emerging markets and developing countries, bringing benefit to all. “The idea represents the progress that BRICS has made in exploring new areas of cooperation, such as climate change and cyber security,” Zhu said.
Several observers have pointed out that as BRICS ushers in another decade of development in 2017, it has become a key force in boosting economic growth, global governance reform and international peace and stability, Xinhua reported.
Five emerging economies — Brazil, Russia, India, China and South Africa — has grown into a highly influential multi-dimensional partnership framework, with substantial achievements in financial cooperation, trade and investment cooperation and the synergy of development strategies,” Xinhua quoted Wang Lei, director of the BRICS Cooperation Center of Beijing Normal University as saying.
Xi Jinping had delivered a keynote speech at the fifth BRICS summit in Durban, South Africa, in 2013, where he stressed that China would continue to strengthen cooperation with other BRICS countries in order to make economic growth of BRICS countries more robust and that will ultimately bring tangible benefits to people of all countries and make greater contribution to world peace and development.
Since then, cooperation has significantly contributed to economic growth among the group’s members. The five countries accounted for 23 percent of the 2016 global economy, almost double their share in 2006. They have been the source of more than half of global growth in the last ten years.
After ten years of development, BRICS has entered a new stage featuring economic cooperation, political and security cooperation, and people-to-people exchanges.
Zhang Yansheng, a researcher of the China Center for International Economic Exchanges, said the upcoming summit would focus on deepening cooperation for common development, playing a bigger role in global governance, intensifying people-to-people exchange and renovating BRICS.