Chinese President Xi Jinping attended the seventh BRICS summit in the southwestern Russian city of Ufa on Thursday.
China and India should work together to build a closer, more comprehensive and firmer partnership among the BRICS countries, Chinese President Xi Jinping said in Ufa Wednesday.
The BRICS New Development Bank will complement, not compete with, existing financial institutions, an expert on international affairs said.
Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, meet ahead of this year's BRICS and Shanghai Cooperation Organization (SCO) summits.
Chinese President Xi Jinping arrived in the southwestern Russian city of Ufa on Wednesday to attend the annual summits of BRICS and the Shanghai Cooperation Organization (SCO).
A BRICS group with deepened cooperation will not only serve its five member countries and other developing nations, but also stabilize and even boost the world economy.
Brazilian President Dilma Rousseff on Tuesday named her finance minister and Central Bank president to represent the country on the Board of Governors of the BRICS New Development Bank (NDB).
Closer cooperation and coordination between China and Russia will inject "positive energy" into the countries' relationship, according to Li Hui, Beijing's envoy to Moscow.
Chinese President Xi Jinping and his Russian counterpart Vladimir Putin will meet for the second time this year when Xi visits Russia for two international summits this week.
The BRICS Contingency Fund, initiated by Brazil, Russia, India, China and South Africa (BRICS), will be operational in 30 days, the Brazilian Foreign Ministry said on Tuesday.
The top legislature ratified an agreement on the founding of BRICS New Development Bank (NDB), which will fund infrastructure projects in the bloc and other developing economies, on Wednesday.
The BRICS bloc, which groups Brazil, Russia, India, China and South Africa, made significant advances in its seven years of existence, a Brazilian expert told Xinhua on Wednesday.