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Xi Jinping Chairs BRICS Leaders' Informal Meeting

2017/07/07

On July 7, 2017 local time, President Xi Jinping presided over the BRICS Leaders’ Informal Meeting in Hamburg, and gave introductory remarks and a summary speech. President Jacob Zuma of South Africa, President Michel Temer of Brazil, President Vladimir Putin of Russia and Prime Minister Narendra Modi of India were present. Leaders of the five countries had an in-depth exchange of views on the international political and economic situations and the G20's key issues, and reached important consensuses on strengthening unity and coordination, jointly building an open world economy, improving global economic governance and promoting sustainable development among BRICS countries.

Xi Jinping pointed out in his speech that, currently, the global economy is showing some positive signs and BRICS countries enjoy brighter development prospects in general, which is very encouraging. However, there also some challenges that require BRICS countries to watch closely and handle properly. This year's G20 Summit comes at a critical moment when the global political and economic situation is undergoing profound adjustments. As important G20 members, BRICS countries should support Germany to well host the Hamburg Summit and send a positive signal that the G20 is committed to reinforcing partnership, building an open world economy, stabilizing and boosting global economic growth.

Xi Jinping stressed that BRICS countries should carry forward the spirit of partnership featuring openness, inclusiveness and win-win cooperation, cement unity and cooperation, maintain common interests and seek interconnected development.

Firstly, we should unswervingly build an open world economy, safeguard the multilateral trade system, and push forward economic globalization towards openness, inclusiveness, shared benefit, balance and win-win results so that all people can benefit from economic growth and globalization.

Secondly, we should unswervingly follow multilateralism, encourage all parties to seek political and peaceful settlement of regional conflicts and disputes, and strive to realize peaceful coexistence and win-win cooperation of all countries. We should advocate the international community to fully utilize multilateral mechanisms such as the UN, jointly negotiate international rules and establish partnerships so as to cope with various global challenges.

Thirdly, we should unswervingly strengthen global economic governance and jointly consolidate the role of the G20 as the leading platform for international economic cooperation. We should push all major economies to reinforce macroeconomic policy coordination, well implement the consensuses reached at the G20 Hangzhou Summit and all other previous G20 Summits, and create an sound environment conducive to the development of emerging market economies and developing countries.

Fourthly, we should unswervingly promote common development, push the G20 to implement the action plans on the 2030 Agenda for Sustainable Development at the Hangzhou Summit and the initiative to support industrialization in Africa and the least developed countries, and lead the international community to extend support to developing countries, especially the African countries in their capacity building and help them realize leapfrog development.

Xi Jinping highlighted that the BRICS Summit is going to be held in Xiamen, China two months later. At present, preparations for the summit are proceeding smoothly. I look forward to, centering on the theme of "deepening the BRICS partnership and opening up a brighter future", working with other BRICS leaders to push the Xiamen Summit for fruitful outcomes, so as to inject fresh impetus into BRICS cooperation, offer new solutions on improving global governance, and make new contributions to advancing global economic growth.

Attending leaders present held that, under the current circumstances, BRICS countries are facing both opportunities and challenges. BRICS countries should maintain the sound momentum of their cooperation in political, economic, people-to-people and cultural areas, facilitate practical cooperation in all sectors for constant and in-depth development, and constantly increase the cohesiveness and influence of BRICS countries. Guidance should be offered to the G20 to send out positive messages, in a bid to promote the building of a more just and reasonable international order, and strive to create a stable, open, inclusive and mutually beneficial development environment for emerging market economies and developing countries.

Present leaders also gave unanimous support for China to host the BRICS Summit in Xiamen, spoke highly of China's efforts in preparing the Summit, and pledged to work with China to push for positive results at the Summit.

Wang Huning, Wang Yang, Li Zhanshu, Yang Jiechi and others attended the meeting.

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