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Studio interview: Ufa BRICS summit promoting development through cooperation

CCTV.com

07-10-2015 00:11 BJT

Full coverage: President Xi Attends BRICS, SCO Summit

We're joined in the studio by Professor Liu Baocheng, dean of the Center of International Business Ethics, at the University of International Business and Economics.

Q1: Each of these five nations are facing economic challenges at home. China is facing slowdown and stock market crash, Russia facing Western sanctions, S. Africa slow growth, India economic reform and Brazil ressession. How can the BRICS organization help resolve these challenges? For example, the New Development Bank?

Q2: The U.S. is pushing TTP and TTIP trade packs while BRICS of emerging markets have their own aganda. It looks like they're geopolitical rivals. Some say the world now is more seperated than integrated. And some even say it's the rising power challenging U.S. hegemony. What's your take?

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