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Chinese leader believes that BRICS countries should increase their voting power in global economic management
"The BRICS countries should take an active part in international multilateral cooperation and increase their voting rights in global economic governance," Chinese President Xi Jinping said during a meeting with other BRICS leaders on the sidelines of the G20 summit.
"Economic cooperation serves as a solid foundation for the development of the BRICS countries," Xi Jinping said at a meeting with Russian President Vladimir Putin, Indian Prime Minister Narendra Damodardas Modi, South African President Jacob Zuma and Brazilian President Dilma Rousseff.
"The BRICS countries must remain committed to developing a long-term plan for economic cooperation and creating a closer economic partnership by promoting market interaction, financial integration, infrastructure connectivity and humanitarian contacts," he said.
Xi Jinping also added that all parties should make efforts to create an extremely important New Development Bank and a Pula of conditional foreign exchange reserves.
"Cooperation between the BRICS countries should be set in motion by two" levers "- economic and political, so that the BRICS function not only as an economic engine, but also as a shield for global security," the PRC President said.
He pointed out that the BRICS countries should strengthen cooperation and coordination in matters of world politics and security in order to protect justice.
"In order to achieve positive results, all parties must strengthen coordination and cooperation at the G20 summit," Xi Jinping said.