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Xi urges BRICS to promote open world economy, multilateralism, common development

HAMBURG, Germany-Xinhua/UNS -Chinese President Xi Jinping on Friday urged the BRICS members to unswervingly promote the building of an open world economy, multilateralism and common development.

He made the appeal at an informal leaders’ meeting of the emerging-market bloc, which groups Brazil, Russia, India, China and South Africa, ahead of a Group of 20 (G20) summit in the German port city of Hamburg.
The BRICS leaders exchanged views on the current international political and economic circumstances and the G20’s priorities, and reached important agreements on strengthening BRICS unity and coordination, jointly improving global economic governance and promoting sustainable development.
“Currently, the global economy is showing some positive signs, and the prospects for the development of BRICS countries are growing brighter in general, which is very inspiring,” said Xi, who presided over the meeting.
However, there have also emerged some challenges that require the BRICS countries to watch closely and handle properly, he added, pointing out that this year’s G20 summit comes at a critical moment when the global political and economic situation is undergoing profound adjustments.
Noting that the BRICS countries are all important G20 members, he called on the bloc to support Germany as the host of the summit, and to send a signal that the G20 is committed to fostering partnership, building an open world economy, and boosting global economic growth.
“The BRICS countries should uphold the spirit of partnership that features openness, inclusiveness and win-win cooperation, strengthen unity and cooperation, safeguard common interests and seek interconnected development,” he said.
The Chinese leader proposed that the BRICS countries need to unswervingly promote the building of an open world economy, safeguard the multilateral trade system, and steer economic globalization towards openness, inclusiveness, universal benefit, balance and win-win results.

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