Brics meet successful in advancing cooperation: Chinese media

Calling the Delhi Brics summit a success, the Chinese media and think tanks today said it was "not a wasted opportunity" as the five emerging economies demonstrated collective confidence by striking a "clear-cut" stand on global and regional issues.

Experts feel that the Brics countries -- Brazil, Russia, India, China and South Africa -- at their meeting achieved positive results in the fields of pushing forward global governance, promoting world stability and strengthening cooperation among member countries, state-run Xinhua news agency said in its commentary.

China's Assistant Foreign Minister Ma Zhaoxu, who attended the meeting, said the event was met with "full success".

"This summit has clearly not been a wasted opportunity and has been successful in advancing cooperation, consultation and coordination among the member countries," the official 'China Daily' said in its editorial on the event.

"It has made it clear that they have come together for the benefit of their people and the international community as a whole," the editorial said.

"They also voiced their united support for a Syrian peace process promoted by international envoy Kofi Annan and warned of the 'disastrous consequences' of allowing the Iran nuclear issue to escalate into conflict," it said.

It is good to see the group showing solidarity on issues of global significance, it said. "By speaking with one voice, they can better defend their own interests and those of the developing world at large and promote fairer global governance."

"The influence of the Brics is on the rise. They are becoming confident enough to have a clear-cut stand on global and regional affairs and call for more power of discourse in international institutions," Zhang Haibin, a specialist in international organisations at Peking University, said.

"As an international group, Brics is exploring its own ways to solve problems that are challenging the whole world such as regional conflicts, the economic crisis, terrorism and climate change," he told state-run the Global Times.

Chi Fulin, President of the China Institute for Reform and Development, said that providing a line of credit by the Brics is "a substantial step to strengthen the bloc's economic integration and vital for the establishment of a joint bank."

"The benefit of a Brics bank will go beyond Brics to other developing countries," Chi said.