360° Coverage : BRICS members need to boost coordination: China

11 Updates
BRICS members need to boost coordination: China
Photo Credit: SERGEI KARPUKHIN, Getty Images

BRICS members need to boost coordination: China

Sep 5 2013, 10:12pm CDT | by IANS

St. Petersburg, Sep 6 (IANS) Chinese President Xi Jinping said here Thursday that BRICS members should expand consensus on major international issues and enhance solidarity and cooperation.

St. Petersburg, Sep 6 — Chinese President Xi Jinping said here Thursday that BRICS members should expand consensus on major international issues and enhance solidarity and cooperation. He made the...

Filed under: news

YouTube Videos

 
 
 

1 year ago

BRICS members need to boost coordination: China

Sep 5 2013, 10:12pm CDT | by IANS

St. Petersburg, Sep 6 (IANS) Chinese President Xi Jinping said here Thursday that BRICS members should expand consensus on major international issues and enhance solidarity and cooperation.

St. Petersburg, Sep 6 — Chinese President Xi Jinping said here Thursday that BRICS members should expand consensus on major international issues and enhance solidarity and cooperation.

He made the remarks at an informal leaders' meeting of the BRICS group, which also includes Brazil, Russia, India and South Africa, before a Group of 20 (G20) Summit in this Russian city.

Under current circumstances, the Chinese president said, BRICS nations should jointly tackle the spill-over effect of the developed economies' loose monetary policy.

He urged developed nations to carry out effective structural reforms, and seriously consider the timing, steps and patterns of withdrawing their quantitative easing measures.

China, he added, has confidence in the emerging market economies.

BRICS members should join hands to maintain and promote the openness of the world economy, oppose trade protectionism, safeguard the multilateral trade system, and advance the Doha Round of trade talks, he said.

The five countries, Xi suggested, should also work together to obtain a bigger say for developing countries in global economic governance and push forward the quota reforms of the International Monetary Fund.

Additionally, they need to speed up the efforts to set up a BRICS development bank and an emergency foreign currency reserve so as to establish a BRICS financial safety net, he added.

Other participating leaders, Including India's Prime Minister Manmohan Singh, noted that the world economy now still faces risks and challenges and its recovery remains fragile.

They urged the world's major economies, including G20 members, to step up coordination over their macro-economic policies and join hands to promote a strong, sustainable and balanced global economic growth.

Earlier, Chinese Deputy Finance Minister Zhu Guangyao said BRICS countries have agreed on a joint foreign currency reserve pool of $100 billion.

The move came as a follow-up after the five countries agreed during this year's BRICS summit in Durban, South Africa, to set up a joint development bank.

IANS

Source: IANS

 
Update
11

2 weeks ago

As Samsung’s smartphone business falters, mysterious scion waits in the wings

Nov 5 2014 1:09am CST | Source: Canadian Business Online

SEOUL, South Korea – As Samsung’s smartphone business suffers a dizzying decline, another issue is vexing investors. Command of one of the world’s most valuable consumer brands will eventually pass to the son of its ailing patriarch whose business abilities remain a mystery despite being elevated two years ago to a top role at the company. Expectations of a leadership shift at Samsung intensified after the chairman of the ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
10

2 weeks ago

Obama to focus on economy, Asia policy during travel next week to China, Myanmar, Australia

Nov 4 2014 11:22am CST | Source: Canadian Business Online

WASHINGTON – President Barack Obama will focus on the global economy and U.S. policy toward the Asia-Pacific region during stops next week in China, Myanmar and Australia. The itinerary includes a state visit with Chinese President Xi Jinping (shee jihn-peeng). While in China, Obama will attend the APEC Leaders Meeting and the APEC CEO Summit. In Myanmar, formerly known as Burma, Obama will attend the East Asia Summit ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
9

2 weeks ago

Stephen Harper goes to China to help repair strained ties between two countries

Nov 3 2014 2:21pm CST | Source: Canadian Business Online

OTTAWA – Prime Minister Stephen Harper heads to China this week amid serious divisions in the Conservative ranks over Canada’s relationship with its No. 2 trading partner. Harper held an upbeat photo-op with the Chinese ambassador in his Langevin Block office late last week to announce his third visit to the country following a long-standing invitation from President Xi Jinping. But the warm encounter was in stark contrast to months of chilly relations between the two countrie ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
8

3 weeks ago

Hong Kong activists mull taking protest to Beijing

Oct 31 2014 4:24am CDT | Source: Business Insider

Hong Kong (AFP) - Hong Kong's democracy protesters are considering travelling to Beijing to directly petition Communist authorities as the Chinese capital hosts US President Barack Obama and other world leaders at an upcoming summit.The protesters have held continuous street rallies for a month, demanding free leadership elections for the semi-autonomous city in 2017.Beijing has refused to back down on its insistence made on August 31 th ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
7

3 weeks ago

What Are Traders Talking About Right Now? Russia, Oil, Earnings... (DIA, SPY, QQQ, TLT, IWM, TWTR)

Oct 28 2014 6:56am CDT | Source: Business Insider

Happy Tuesday!  From Dave Lutz of JonesTrading, here's a quick guide to what traders are talking about this morning: Good Morning! US Futures are breaking higher, with Russell, NDX and S&P all adding 50bp early. The global rally started in Asia - Hong Kong’s Hang Seng index rose 1.2% and the Shanghai Composite jumped 2.1% as President Xi Jinping signaled a nationwide expansion of free-trade zones. While Falling Ore weighed on Miners keeping Aussie in the red, and Nikkei fell 40bp despit ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
5

3 weeks ago

Afghanistan’s new president to visit China this week, signalling importance of ties

Oct 27 2014 1:30am CDT | Source: Canadian Business Online

KABUL – The new Afghan president travels to China this week, signalling the pivotal role he hopes Beijing will play in Afghanistan’s future, not only in the economic reconstruction of the war-ravaged country after U.S. and allied combat troops leave by the end of the year but also in a strategic foreign policy aimed at building peace across a region long riven by mistrust and violence. Ashraf Ghani Ahmadzai will leave Kabul on Tuesday for a three-day visit to China, where he will meet Pre ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
4

3 weeks ago

21 countries initiate new China-backed Asian bank opposed by US as rival to existing lenders

Oct 24 2014 12:44pm CDT | Source: Canadian Business Online

BEIJING, China – Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that’s aimed at boosting infrastructure investment of all kinds. Beijing sees that as a way to raise its international standing, but Washington opposes the move as an unnecessary and potentially damaging rival to established institutions such as the World Bank. — WHO’S IN THE GROUP? Members are overwhelmingly developing nations, with Singapore the only advanced ec ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
3

4 weeks ago

Three Major Nations Skipped China's Launch Of A World Bank Rival In Asia

Oct 24 2014 2:31am CDT | Source: Business Insider

SHANGHAI (Reuters) - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's proposed $50 billion Asian Infrastructure Investment Bank (AIIB) is seen as a challenge to the World Bank and Asian Development Bank, both multilateral lenders that count Washington a ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
2

6 weeks ago

A Massive Chinese Property Company Just Canceled A Share Offering, And There Are Rumors The Chairman Is Missing

Oct 10 2014 9:48am CDT | Source: Business Insider

Trading in Agile Property Holdings, a $20 billion real estate development company in mainland China, has been suspended since Oct. 3rd, pending information about a share offering that was supposed to take place on Oct. 10th. On Thursday, the company announced that the $350 million share offering wouldn't take place at all.  And now rumors are circulating that the company's billionaire Chairman, Chen Zhuolin, has gone missing. He and his family are controlling shareholders in the c ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
1

6 weeks ago

China May Have Committed A Tiananmen Square-Scale Massacre This Year — And Totally Covered It Up

Oct 8 2014 3:45pm CDT | Source: Business Insider

Many feared that the recent pro-democracy protests in Hong Kong would end with a crackdown reminiscent of the 1989 Tiananmen Square massacre, when the Chinese army crushed a peaceful student occupation of central Beijing and killed hundreds or even thousands of people in the process. This speculation, and the global attention to Hong Kong, ignores a crucial piece of context: The Chinese government already killed scores of demonstrators in a single incident earlier this year. And it did so unde ...
Source: Business Insider   Full article at: Business Insider
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Japanese government concerned by yen's rapid fall against dollar
Tokyo, Nov 21 (IANS/EFE) Japanese Finance Minister Taro Aso Friday expressed concern over the sharp depreciation of the yen against the dollar this week, and said abrupt movements in the foreign exchange market were not beneficial to the Japanese economy.
 
 
WHO declares DRC Ebola-free
Geneva, Nov 21 (IANS) The World Health Organisation (WHO) Friday declared the end of the Ebola outbreak in the Democratic Republic of Congo (DRC).
 
 
Ultra rich population getting richer: Study
Washington, Nov 21 (IANS) Only 0.004 percent of the world's high networth adult population controls almost 13 percent of the world's total wealth, according to a new study.
 
 
Morocco, US organisation sign MoU on 'Enterprise City' project
Marrakech, Nov 21 (IANS) The Moroccan government and US institution Babson Global have signed a memorandum of understanding to conduct a feasibility study for the establishment of an "Enterprise City", a city dedicated to business, in the North African country.
 
 
 

Latest from the Network

Chinese court upholds life sentence against Uyghur activist
Beijing, Nov 21 (IANS/EFE) A court in western China has upheld the conviction and life sentence handed down against Uyghur activist Ilham Tohti, who appealed the sentence when it was first passed in September, one of...
Read more on Politics Balla
 
Matt Smith to star in Patient Zero
Matt Smith has been cast in 'Patient Zero'. The former 'Doctor Who' star has signed on to appear in the infection film which will see him have to cope with the aftermath of a worldwide viral pandemic across the Earth....
Read more on Movie Balla
 
Mick Jagger praises 'amazing' Chadwick Boseman
Sir Mick Jagger claims Chadwick Boseman is ''amazing'' as James Brown in the singer's biopic 'Get On Up'. The 71-year-old Rolling Stones rocker co-produced the movie and praised the young actor for his portrayal of the...
Read more on Movie Balla
 
South African president calls for end to racism in sports
Johannesburg, Nov 21 (IANS) South African President Jacob Zuma Friday called for global efforts to end racism in sports. South Africa adds its voice to the billions of others throughout the world who are determined to...
Read more on Sport Balla
 
Sheamus wants reality show for WWE Superstars
Sheamus wants to appear in a reality TV show about the WWE Superstars. The 36-year-old star believes the success of E! series 'Total Divas', which follows the lives of the female competitors in the company, has shown...
Read more on Celebrity Balla
 
Bill Murray: Actors are heroes
Bill Murray thinks actors are heroes. The 'Ghostbusters' star - who recently had an entire day dedicated to him at Toronto Film Festival - claims people admire actors so much because they get to escape reality by...
Read more on Celebrity Balla
 
Robin Williams' son: We're doing OK
Robin Williams' son says the late star's family are still adapting ''to the new normal'' following his father's death. The Hollywood actor died from asphyxia due to hanging at his home in August aged 63 and his eldest...
Read more on Celebrity Balla
 
Jennifer Lopez exfoliates with diamonds
Jennifer Lopez exfoliates her legs with diamonds. The 'On the Floor' hitmaker reportedly swears by a $250 Australian-made body scrub that is made with ''diamond powder'' to keep cellulite at bay. A source close to the...
Read more on Celebrity Balla
 
Indian golfers Atwal, Rashid tied 15th in Manila Masters
Manila, Nov 21 (IANS) Indian golfers Arjun Atwal and Rashid Khan shared the 15th position after the second round of the $1 million Manila Masters at the par-72 Manila Southwoods Golf and Country Club here Friday....
Read more on Sport Balla
 
Sarjubala, Saweety enter women's World boxing semis
Jeju (South Korea), Nov 21 (IANS) Indian boxers Shamjetsabam Sarjubala and Saweety reached the semi-finals of the Women's World Championships here Friday. Sarjubala started the proceedings with a dominating 3:0 win...
Read more on Sport Balla