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BRICS economies help strengthen global peace – Xi Jinping

March 20, 2013, 19:41 UTC+3
The development of cooperation between the BRICS countries facilitates the formation of balanced world economy and democratic international relations, he stressed
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BEIJING, March 20 (Itar-Tass) – The economic growth rates of a big group of emerging-market countries, including BRICS states, have become an important factor to ensure global peace, Chinese President Xi Jinping said.

In an interview with Itar-Tass, the Rossiiskaya Gazeta daily and All-Russia State Television on Wednesday ahead of the visit to Russia, Tanzania, South Africa and the Republic of Congo, Xi Jinping said, “The economy of these countries play an important role in contributing to the joint development, countering international financial crises and stimulating the global economic growth. This corresponds to the modern tendencies of peace, development and cooperation.”

Xi stressed, “The system of global economic administration should demonstrate deep changes in the world economic structure and increase the representation and voices of emerging-market countries, as well as of developing states.”

In the recent years the G-20 summit has had a good record. The distribution reform is being carried out in the IMF and the World Bank. “These are important steps in the right direction to carry out the reform of global economic administration. The emerging-market countries and the developing states seek to make this system more effective in order to promote the development of all countries round the world,” Xi Jinping said.

The development of cooperation between the BRICS countries facilitates the formation of balanced world economy and democratic international relations, he stressed.

Commenting on the upcoming 5th BRICS summit, the Chinese leader said, “The summit’s results will make it possible to strengthen partnership between the BRICS countries and to upgrade cooperation.” He provided support for South Africa that riveted much attention to creating the Development Bank, the Foreign Exchange Fund, the Commerce and Industry Council and the BRICS Think Tanks Council. “We hope for positive results in these directions,” he said.

Xi said the leaders of BRICS and African countries would hold a dialogue within the summit. “China calls for strengthening the dialogue and contacts between BRICS and African states and developing partnership to protect their own interests,” the Chinese leader noted.

The interview will be made public in the Rossiiskaya Gazeta daily and broadcast on Rossiya 24 Channel.

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