Home>Top Issues

BRICS can enlarge ’circle of friends’

Thursday,Sep 07, 2017

From: People’s Daily Online

 

Amid the high expectations for BRICS to enlarge its “friends circle,” Chinese experts suggest the organization first set its eyes on involving the other developing countries from G20.

 

DSC_1362

Xu Xiujun, deputy director from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, told a seminar on Friday that BRICS could link to G20 – a bigger global economic governance mechanism – to include the other five developing countries and strengthen its role as a platform for emerging economies and developing countries.

DSC_1314

The seminar was hosted by the Center for China and Globalization (CCG) in Beijing.“As an important platform to promote South-South cooperation, BRICS is in fact open to more developing countries beyond its members,” said Xu.All five BRICS members are G20 members and another G20 member, Mexico, was invited to attend this year’s summit in Xiamen for dialogue with emerging economies.

 

DSC_1373

Echoing Xu, Cui Fan, a professor from the School of International Trade and Economics at University of International Business and Economics, suggested that the other five G20 members that are developing countries should be the focus as the association expands: “So that developing countries of G20 can also meet on a regular basis and reach a census like G7 before the G20 summit,” he noted.

The core goal of BRICS aims at strengthening the discourse power of developing countries in global economic governance, which could be realized through more projects to facilitate economic development and trade, according to Cui.

Citing a study from the University of Toronto, He Weiwen, an executive council member at the China Society for the WTO, gave credit to BRICS, especially for its fulfillment of its promises made at each summit. The fulfillment percentage was 70 percent for its pledges in 2014, while the pledges made at the BRICS summit in 2016 were 89 percent accomplished.

“While it may be hard to be an international governor, this has proven its achievements in certain areas,” He said, adding that BRICS members could play leading roles in the Belt and Road Initiative.

 

 

From People’s Daily Online,2017-9-1

 

  • Japan, China stepping in as Trump vows TPP withdrawal

    A refusal by the U.S. to join the TPP would be a good opportunity for China to push its own deals such as the Regional Comprehensive Economic Partnership (RCEP), suggested He Weiwen, vice president of think tank Center for China and Globalization(CCG).

  • ‘China speed’ makes it a valuable partner for Latin America

    The international trading system is going through turbulent times. Long established standards are being challenged.

  • China possesses second largest number of think tanks worldwide

    China had 18 think tanks on the Asian list that included top 60 think tanks from China,India, South Korea and Japan. CICIR took the lead in fourth. Specifically, TTCSP also listed five Chinese think tanks as “Think Tanks to Watch,” including Shanghai Advanced Institute of Finance (31) and Center for China and Globalization (CCG) (54).

  • C100 president Frank Wu highlights “bridging role” for Chinese-Americans

    Chinese-Americans and “bridging” organizations such as the Committee of 100 and CCG have a vital role to play in promoting harmonious Sino-US relations, particularly given intensifying trade frictions between the two countries. One figure seeking to play such a role is Frank Wu, Distinguished Professor of Law at UC Hastings and president of the Committee of 100 (C100), a leadership organization of prominent Chinese Americans in business, government, academia, and the arts.

  • Thriving sharing economy faces uncertainties

    Bicycles, umbrellas, chargers and even the gym… more and more daily necessities are being introduced to the Chinese market for sharing. In early July, a nap capsule popped up in office buildings in Beijing, Shanghai and Chengdu and soon gained a following of committed nappers.