China BRICS Summit to spur emerging markets growth
7 years, 6 months ago

China BRICS Summit to spur emerging markets growth

China Daily  

Chinese President Xi Jinping delivers a keynote speech at the opening ceremony of the BRICS Business Forum in Xiamen, Southeast China's Fujian province, Sept 3, 2017. As a result, as a member of BRICS, China dwarfs all the other combined emerging powers and is hence expected to play a larger role in shaping the BRICS’s agenda that is commensurate with its elevated status, particularly in coordinating how the group collectively tackles key global issues such as climate change, poverty reduction, free trade, and building sustainable and effective domestic models that may be emulated by other developing countries. In this context China will play a pivotal role because of the seriousness in takes BRICS as a driver of global leadership, particularly in the developing world. President Xi Jinping’s One Belt and Road project and his captivating speech in support of globalization at the World Trade Forum in Davos, Switzerland, are all aligned with enhancing partnership of unity and cooperation within BRICS as a model that should emulated by developing countries. As China prepares for the 9th BRICS leaders’ summit for three days from September 3 in Xiamen, it is manifestly apparent that China has ascended to perhaps the most significant global player on the world stage, straddling both the developed and developing world.

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