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April 1, 2011

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Hu to host rising powers summit

LEADERS from five of the world's top emerging economies will gather in China in the middle of this month to discuss economic, financial and security concerns, the Chinese government said yesterday, setting a date for the "BRICS" summit.

The announcement came on the same day that China played host to a meeting of officials from the G20 group of major advanced and emerging economies, another sign of the country's growing stature in global economic diplomacy.

Chinese President Hu Jintao will chair the BRICS summit on April 14 in Sanya City on the far southern island province of Hainan. It will be attended by Brazilian President Dilma Rousseff, Russian President Dmitry Medvedev, Indian Prime Minister Manmohan Singh and South African President Jacob Zuma, Chinese Foreign Ministry spokeswoman Jiang Yu told a press conference.

The summit will give the world's big rising economies a venue to coordinate views on global financial reforms, commodity prices and other shared concerns.

"The BRICS leaders will exchange views on international developments and economic, financial and development issues, and will plan future cooperation among the countries," Jiang said.

This was the first time China gave a firm date for the meeting - the third "BRIC" summit and the first to include South Africa, creating the new "BRICS" name for the group.

The group emerged as a loose united front to press the rich Western economies, especially the United States, which traditionally dominated global diplomacy.

Hu will also attend the opening ceremony and deliver a keynote speech for the annual conference of the Boao Forum for Asia on April 15 in Boao, Hainan, the spokeswoman said.

Established in 2001, the Boao Forum is committed to promoting regional economic integration and bringing Asian countries closer toward achieving their development goals.





 

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