BRICS likely to make progress on bloc bank at summit

2013-09-06 02:25:41

The bloc of five major emerging economies known as BRICS will likely take tangible steps to establish a development bank at the Group of 20 summit in St Petersburg, Russia.

Currency reserve to assist liquidity

2013-09-06 02:11:03

China will contribute the lion's share to a foreign currency reserve set up by major emerging economies.BRICS countries confer at G20 summit
China, Brazil vow to boost BRICS cooperation

China to contribute $41 billion to BRICS fund

2013-09-05 22:31:15

China will contribute $41 billion to the $100 billion currency reserve of the BRICS countries, according to a media note handed out after an informal meeting of leaders of the BRICS countries Thursday.

China to contribute bulk of BRICS currency reserves

2013-09-05 21:35:42

China will contribute the lion's share of the $100 billion international currency reserves among the BRICS bloc to prevent turbulence on global financial market.

Xi aims to defend China's economic stability at G20

2013-09-05 21:34:00

President Xi Jinping is expected to reassure the Group of 20 nations in St. Petersburg that China's economic growth is stable and sustainable.

BRICS countries won't launch stimulus package this year

2013-09-05 21:19:40

The BRICS countries will not launch a "new stimulus' plan to tackle temporary economic difficulties, said a senior Chinese official.

US urged to be cautious on monetary, fiscal policies

2013-09-05 21:10:50

A Chinese official has urged the US to cautiously scale down its quantitative easing policy to prevent a massive spillover effect on emerging economies.

BRICS development bank's site not discussed

2013-09-05 20:59:52

The BRICS countries have not discussed a potential site for the headquarters of the bloc's development bank, but other developing countries may also benefit from the initiative.

Xi discusses ties, global issues with Putin

2013-09-05 20:58:30

Chinese President Xi Jinping met here Thursday with his Russian counterpart Vladimir Putin before the Group of 20 (G20) summit.

Attack on Syria would hurt world economy

2013-09-05 20:52:50

A Chinese official has warned that a US military attack against Syria would bring "negative" consequences toward the sagging global economy.

BRICS countries confer at G20 summit

2013-09-05 20:11:21

The leaders of the BRICS nations — Brazil, Russia, India, China and South Africa — met on Thursday on the sidelines of the G20 summit in St Petersburg, Russia.

Chinese president urges bigger role of WTO

2013-09-05 18:38:32

Chinese President Xi Jinping on Thursday urged the World Trade Organization (WTO) to play a bigger role in safeguarding and consolidating a multilateral trade mechanism.