BRICS to promote inclusive, balanced economic globalisation: China

BEIJING: China has said this year's BRICS summit will promote more inclusive and balanced economic globalisation.

Chinese Foreign Minister Wang Yi yesterday said the summit, to be held in southeast China's coastal city of Xiamen in September, will not only contribute to common development of BRICS (Brazil, Russia, India, China and South Africa) countries, but also promote more inclusive and balanced economic globalisation.

Wang met his South African counterpart Maite Nkoana-Mashabane yesterday in Beijing.

Wang also lauded the close ties between China and South Africa, featuring "profound" political mutual trust and "fruitful results" of mutually beneficial cooperation, state-run Xinhua news agency reported today.

"Particularly on issues of major concerns and concerning their core interests, the two countries understand and firmly support each other, incessantly deepening their strategic partnership," he said.
Stay on top of business news with The Economic Times App. Download it Now!
FROM AROUND THE WEB

Breaking: Mumbai Man Drops 25kgs In 10 Days With 1 "Trick"

SlimNow

Servicing assistance with 3400+network garages across India*

ICICI Lombard

New Renault KWID – LIVE FOR MORE EDITION

Renault

MORE FROM ECONOMIC TIMES

Customer is your wife, says Aditya Puri

Scooter's back, with new hero on road

Pak Senate passes landmark Hindu marriage bill

From Around the WebMore from The Economic Times

Get protection and savings in one plan

SBI LIFE INSURANCE

A heart insurance plan for you & your spouse

AVIVA

Epicure – The world of Taj awaits you

"Taj Hotels Resorts and Palaces"

SKODA Octavia- Buy now, pay in 2018

SKODA Octavia

Infrastructure

Coal India plans to produce oil & gas

OBC community in focus before Tamil Nadu assembly polls

Aditya Puri says national bad bank is not a bad idea