Russia has repeated its support of the efforts by the bloc of developing countries known as BASIC -- Brazil, South Africa, India and China -- to push forward global climate change negotiations and sustainable development.
Scholars from European countries expressed surprise that the BRICS group of developing countries agreed on such a "long, impressive and ambitious" declaration, which will inject new impetus into international relations and governance.
South Africa has become a gateway to the African continent for other countries in the BRICS bloc of developing economies.
China's trade outlook remains positive and will supply enormous opportunities for emerging economies as the nation optimizes its trade structure, trade officials and experts said on Thursday.
Leaders of the five BRICS nations vowed on Thursday to support reform of the international monetary system and the setting up of a broad-based international reserve currency system.
The leaders of the world's top emerging economies pledged on Thursday to work for peace and prosperity as they met amid a turbulent background defined by Middle East turmoil and slow global economic recovery.
Special: BRICS Summit 2011
BRICS target global economic reform BRICS build foundation S Africa unlocks gateway to continent
The BRICS bloc, comprising Brazil, Russia, India, China and South Africa, should deepen cooperation and have a greater say in the reform of the international monetary and financial system to counter the instability of major currencies.
China's growing overseas investments to other emerging markets will further boost regional cooperation, which may help stimulate the world's economic recovery, economists said on Monday.
SANYA, Hainan - Agreement on developing settlement and credit in local currencies will be reached among BRICS countries, executives of five national development banks announced on Wednesday, a move expected to increase the role of their national currencies.
China's imports from emerging countries, especially South Africa and Brazil, grew dramatically in the first quarter of the year. Analysts said China's trading ties with other BRICS countries will continue to grow.
Beijing and New Delhi on Wednesday reaffirmed their resolve to maintain peace and stability in border areas until the dispute is finally settled, seeking to establish a consultation and coordination mechanism on border affairs.
China and Russia on Wednesday pledged to enhance their economic cooperation as they seek to further strengthen their ties.
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