BRICS Summit in Xiamen to Be Focused on the Economy


The intensification of economic cooperation among BRICS countries will be one of the key topics of the upcoming bloc summit in Xiamen, Alexei Voskresensky, Director of the Centre for Comprehensive Chinese Studies and Regional Projects, told

According to Voskresensky, this is also confirmed by the choice of the city for the summit.

“Representatives of BRICS countries will visit southern China, the part of China that was a locomotive for the country’s economic growth in the past 30 years, and which has higher economic growth than on average across the country. It is in Southern China that the main processes of intensification in the Chinese economy are taking place. Accordingly, the key issues for discussion will be about increasing the scale and pace of mutual investment. Most of all, in sectors with the greatest added value and innovative potential, broadening cooperation in telecom and new technologies,” Voskresensky said.

How BRICS+ Format Can Become an Alternative Track for Globalization Club Events
As the developed world is increasingly leaning toward protectionism, the emerging nations seem to take the lead in shaping the contours of an alternative globalization with BRICS serving as the backbone of these processes. The BRICS+ paradigm, which can make the process of global economic integration more inclusive and comprehensive, was discussed at a Valdai Club event in Moscow on July 19.

An intensive exchange of views on an array of international issues will also take place, Voskresensky noted.

“The broadening of BRICS countries’ participation in global trade from 11 to 16 percent shows that trading ties of the bloc are actively growing. This gives hope that if Russia is able to improve conditions for conducting business in the country, then, supported by cooperation with BRICS countries, it would be able to improve its positions in trade,” Voskresensky concluded.

Views expressed are of individual Members and Contributors, rather than the Club's, unless explicitly stated otherwise.

Related articles

A BRICS+ Framework for Africa: Targeting Regional Connectivity
A “BRICS+Africa” framework of cooperation could be developed by BRICS economies for 2018 with the view to further strengthening the BRICS+ mechanism, while at the same time advancing further

Expert Opinions
A Crisis of Perception and Reality in EU-Russia Relations
EU and Russia do currently live and represent two distinct normative models in the world, and neither is likely to completely prevail over the other, believes Nathalie Tocci, Special Adviser to EU

Nathalie Tocci

Expert Opinions
Cybersovereignty Will Become a Prerequisite for the Creation of a Global…
Cybersecurity has become a central issue for governments and business corporations. Very often, this topic arises during the election period in various countries, and Russia acts as a headliner. The

Club Events