World
        

Economy

BRICS should 'move beyond' economy

Updated: 2011-03-25 08:43

By Ma Liyao and Li Xiaokun (China Daily)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - Think tanks from the BRICS nations on Thursday encouraged the mechanism to expand from the economic arena, three weeks before state leaders of the five emerging economies meet in China for their annual summit.

Related readings:
BRICS should 'move beyond' economy BRICS should 'move beyond' economy
BRICS should 'move beyond' economy Old neighbors become new friends
BRICS should 'move beyond' economy China, Russia drive growth in billionaires
BRICS should 'move beyond' economy BRICS cooperation is open and inclusive: FM

It is inevitable that the BRICS nations - Brazil, Russia, India, China and South Africa - will discuss wider issues rather than just talk about business and trade, said Liu Youfa, vice-president of the China Institute of International Studies.

"The five countries have the common purpose of seeking development and prosperity. Such cooperation will, as it deepens, lead to other fields besides business and trade," Liu said at a two-day symposium for more than 60 experts from top think tanks from the five BRICS nations.

He said that at next month's BRICS summit in Sanya, in China's southern island of Hainan, the five countries will seek to establish a coordination mechanism.

"It may not be called a secretariat, but it will be an expert-level coordination body," he said.

Coordination between the BRICS nations currently takes places through bodies such as embassies and academic institutions, Liu said.

Sun Jiazheng, vice-chairman of the 11th National Committee of Chinese People's Political Consultative Conference, China's top political advisory body, said the think tank symposium will provide policy suggestions to the leaders at the April summit, where South Africa will make its debut in the mechanism.

Former Indian ambassador to France and Germany T.C.A. Rangachari said if the BRICS nations want to have an effect globally, they will have to broaden their cooperation to other fields.

"You can't simply do it on the basis of business and investment. You have to have a global view, and we have that."

But it is too early to expect BRICS to show multiple capabilities, said Guan Guihai, associate dean of the School of International Studies at Peking University.

But he expressed optimism about its potential.

"BRICS is a gathering of the most vital economies around the world. It is an open and inclusive organization," he said.

Specials

London's Olympic Stadium

Construction on the flagship stadium for the 2012 London Olympics was completed Tuesday.

The queen of panda cubs

Spanish Queen Sofia laughs as she plays with a panda.

Donkey-powered Land Rover

Two donkeys pull a broken-down Land Rover in Shenyang, Liaoning province.

Panic buying of salt
Earthquake Hits Japan
NPC & CPPCC sessions