Brics mechanism will shine more brightly: China

The Brics mechanism will not lose its lustre but will shine more brightly if its members stay united, Chinese Foreign Minister Wang Yi said on Wednesday.

The development of the Brics mechanism has seen ups and downs over the past years, and each member faces its own set of challenges, Xinhua news agency quoted Wang as saying.

"The Brics countries are like five fingers, short and long if extended, but a powerful fist if clenched together," Wang said, citing remarks of President Xi Jinping.

This year opens the second decade of the emerging market bloc which groups Brazil, Russia, India, China and South Africa. China will host the ninth Brics leaders' summit in September.

As the rotating chair of Brics this year, China will work with other members to review its experience, plan the future, usher in the second golden decade of cooperation and provide "Brics plans" for world peace and development, he said.

The member countries will expand pragmatic cooperation. "We will fully implement the strategy for Brics economic partnership, enhance macro policy coordination and connection of development strategies, and work out a batch of solid measures for cooperation," Wang said.

"We will widen the circle of friends of the Brics and turn it into the most influential platform for south-south cooperation in the world," Wang said.

--IANS

py/bg