Chinese president pushes for reforms
Print Edition
PRESIDENT Xi Jinping yesterday urged the BRICS countries to push for reforms of the governance structure of the International Monetary Fund by expanding the representativeness and raising the voice of the emerging-market countries and developing countries.
Xi was speaking at the seventh BRICS summit in the southwestern Russian city of Ufa.
BRICS countries should work together to elevate their position and role in the global governance system, and push the international economic order to conform with the historical trend of rising influence of emerging market countries and developing countries, Xi said.
The president said the rules of the international economic system need to keep improving through reforms so as to adapt to the new changes in the global growth pattern and make responsibilities commensurate with abilities.
Xi called for building an open world economy, supporting a multilateral trade mechanism, pushing for the Doha Round negotiations to protect the legitimate interests of emerging market countries and developing countries, and ensuring that every country can enjoy equal opportunities, rules and rights in international economic and trade activities.
Xi also called on BRICS countries to strengthen cooperation in information security, Internet management and immigration issues.
On BRICS economy, Xi said the upward trend of the BRICS countries won’t change despite difficulties and challenges in their respective development.
“The more difficulties we face, the more confidence we must have,” Xi said.
“We should be aware that any progress is not made along a straight line, but with twists and turns,” Xi said.
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