Chinese enterprises positive on BRICS investment

SHANGHAI — Chinese enterprises have positive expectations on investment in BRICS countries. “The investment in Brazil will reach 70 percent of our company’s overall overseas investment, after the completion of the acquisition,” Ge Junjie, chairman of Hunan Dakang Pasture Farming, said in Shanghai Saturday at a seminar on overseas investment. Ge, whose company is based in… Please follow and like us:

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BRICS committed to making pie of global economy bigger

BEIJING – Under China’s presidency, the BRICS mechanism has entered its second “golden decade” with global expectation that it will promote economic recovery amid deglobalization concerns. Since the first meeting of their foreign ministers in 2006, BRICS countries have achieved 10 years of prosperity, with 42 percent of the world’s population contributing 50 percent of global… Please follow and like us:

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Xi: BRICS should work to usher in 2nd ‘golden decade’

XIAMEN – Chinese President Xi Jinping said Sunday that BRICS countries should work to usher in the second “golden decade” of cooperation. Xi made the remarks in a keynote speech at the opening ceremony of the BRICS Business Forum in the southeastern city of Xiamen. He said going forward, BRICS countries have major tasks to accomplish,… Please follow and like us:

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Advisers to play role in BRICS’ worldwide influence

Think tanks will work to play a positive role in deepening cooperation among BRICS members in strengthening global governance and meeting universal challenges, according to a commerce official and a think tank organizer. With the approach of the 2017 BRICS Summit in Xiamen, Fujian province, experts on the economy and trade from higher education institutions and… Please follow and like us:

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BRICS lender banks on sustainable development

The Board of Governors of the New Development Bank, formed by the ministers of finance of the BRICS nations, intends to approve at least $32 billion in loans by 2021, according to the bank’s general strategy for 2017-21. Paulo Nogueira Batista, vice-president and chief risk officer of the NDB. [Photo provided to China Daily] Paulo Nogueira… Please follow and like us:

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Commentary: BRICS ready to play its role in global governance

BEIJING – There is less than 30 days till the ninth BRICS summit in Xiamen in September when the organization’s role in global governance, a faltering economic recovery and setbacks in globalization will be the issues of greatest concern. “BRICS: stronger partnership for a brighter future” will bring together the leaders of Brazil, Russia, India, China… Please follow and like us:

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China warns against India ‘military buildup’ on border

China says India has been building up troops along its side of the border and demands an “immediate withdrawal” amid an increasingly tense stand-off in a remote frontier region high in the Himalayas. The stand-off on a plateau, which lies at the China-India-Bhutan junction, is one of the worst border disputes between the nuclear-armed rivals in… Please follow and like us:

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Will the Global Economy Recover?

Quora Questions are part of a partnership between Newsweek and Quora, through which we’ll be posting relevant and interesting answers from Quora contributors throughout the week. Read more about the partnership here. Answer from David McDonald, founder of The Global Millennial—an online publication for politics, economics and finance: The global economy obviously took a hit in… Please follow and like us:

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‘BRICS Plus’ can become new integration model for world economy: EDB chief economist

MOSCOW — The expansion of BRICS, known as “BRICS Plus”, could become a new model of integration in the global economy, chief economist of the Eurasian Development Bank (EDB) Yaroslav Lissovolik said on Sunday. “Integration proceeded previously as a rule on a regional basis, and BRICS offers a system of diversified integration that provides for a… Please follow and like us:

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