Brics accounts for 45 per cent of the total economic growth of the world, driven mainly by the rapid growth of China, he added. These efforts have been recognised by all parties. BRICS countries represent about 40% of the world's population and constitute 22% of the gross world product. "There is huge potential for cooperation between China and India". India alone has lodged several trade cases against China this year. The prime minister said, "India attaches high importance to BRICS, which has begun a 2nd decade of its partnership for progress and peace". "I'd like to add that the five countries have significantly strengthened their position in the world", the president wrote. China is also pushing the New Development Bank, the Shanghai based financial institution, which has been created by BRICS countries to expand its lending to different African countries even though they may not be members of the organization.
"Since the (Doklam) dispute has been resolved, the Xiamen meeting (bilateral meet between Modi and Xi) will be a turning point", Wang Dehua, an expert at one of China's top think tanks the Chinese Academy of Social Sciences, told IANS.
"In addition, I look forward to engaging with leaders of nine other countries, including BRICS partners, in an Emerging Markets and Developing Countries Dialogue, hosted by President Xi Jinping on September 5", the Prime Minister said. We have also advanced the initiative to create a joint television network of the BRICS countries.Russian Federation stands for strengthening the BRICS countries' partnership in politics, the economy, culture and other areas. China also understands the significance of PM's Visit therefore just before the visit, it has reiterated that there is great scope for cooperation between both countries.
The BRICS forum is an important event for BRICS leaders to meet each year to exchange discussions on hot issues of common concern, to rally consensus and to develop policy statements.
Prime Minister Narendra Modi arrives here Sunday night, and the two leaders will be meeting for the second time within three months.
China-Thailand relations have come to a crucial stage of upgrading.
"The development of China provide the world with wisdom and good example". We will work alongside Thailand in its course of development as a honest friend that can share weal and woe and pursue common prosperity.
Interestingly, China's clarion call for "globalisation 2.0" under the aegis of its Belt and Road Initiative (BRI) has invited scepticism due to its undemocratic Communist credentials and the unilateral and hegemonic nature of its Silk Road revival blueprint.
A major step towards this goal would be the signing of an intergovernmental BRICS agreement on global information security.I would like to point out that on Russia's initiative a BRICS Strategy for Economic Partnership was adopted at the Ufa Summit in 2015 and is being successfully implemented.
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