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BRICS leaders meet to better cooperation

CCTV.com

11-16-2015 06:44 BJT

Full coverage: President Xi Attends G20, APEC Summits

Leaders of China, Russia, India, Brazil and South Africa have met on the sidelines of the G20 summit. Chinese President Xi Jinping made a four-point proposals for the five nations.

Chinese President Xi Jinping speaks at a BRICS leaders

Chinese President Xi Jinping speaks at a BRICS leaders' meeting held in Antalya, Turkey, Nov. 15, 2015. (Xinhua/Rao Aimin)

Leaders of the world's five emerging nations, which account for a fifth of the world's economic output and 40 percent of global population, held an informal meeting Sunday. They say global economic recovery was not yet sustainable.

Xi says China stands ready to share development opportunities and boost economic cooperation. He says BRICS should strengthen confidence in growth and better global economic governance and boost coordination to jointly cope with global challenges.

He also said BRICS should promote mutually beneficial cooperation and advocate new global partnership for development, and upgrade their economic structures for long-term development.

The five leaders urged G20 members to strengthen their macroeconomic policy cooperation to prevent bad effects from a weak global economy and reduce risks to growth.

They also called for an early implementation of the 2010 reform plan of the International Monetary Fund, which will increase the share of quota for emerging markets. The other BRICS leaders voiced support for China in holding the rotating G20 presidency in 2016.

They also strongly condemned Friday's terror attacks in Paris and reaffirmed their commitment to international cooperation in combating terrorism.

Chinese President Xi Jinping speaks at a BRICS leaders

Chinese President Xi Jinping speaks at a BRICS leaders' meeting held in Antalya, Turkey, Nov. 15, 2015. (Xinhua/Rao Aimin)

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