The upcoming BRICS Summit is expected to pave the way for more practical cooperation among emerging markets and developing countries to inject impetus into global economic recovery, analysts said.
During the summit, which will be held in coastal Xiamen from Sunday to Tuesday, President Xi Jinping will attend the opening ceremony of the BRICS Business Forum and deliver a keynote speech, reviewing the progress that the BRICS countries－Brazil, Russia, India, China and South Africa－have made in the past 10 years and looking to the future.
Xi will chair a small meeting of BRICS leaders, discussing the world economy, global governance, international and regional hotspot issues and national security and development. A larger meeting will focus on deepening cooperation and promoting cultural and people-to-people exchanges, as well as enhancing institution building.
Leaders from five other emerging markets and developing countries－Egypt, Guinea, Mexico, Tajikistan and Thailand－will attend the Dialogue of Emerging Markets and Developing Countries during the summit and engage in dialogue with the BRICS members.
The dialogue will focus on deepening cooperation and promoting common development, and a statement will be released on the outcomes achieved on implementing a sustainable development agenda, promoting South-South cooperation, building partnerships and improving global governance.
The BRICS leaders will also attend the opening ceremony of the BRICS Cultural Festival and Photo Exhibition, a meeting of the BRICS Business Council and a signing ceremony, which will be followed by a welcome banquet hosted by President Xi and his wife, Peng Liyuan.
China wants to build stronger partnerships within and beyond the five BRICS countries during the Xiamen summit, Foreign Minister Wang Yi said on Wednesday.
China expects outcomes in several areas, including strengthening economic and security cooperation, increasing cultural and people-to-people exchanges and enhancing institution building, as well as promoting stronger partnerships with other emerging market countries and developing countries, he said.