BRICS summit opens today

Coping with the financial crisis and reducing the reliance on the dollar "If the meeting is primarily economic and financial, the focus must be on coping with the current financial crisis, and taking into account some of the decisions taken by the Group of 20 and the group of 8, such as how to raise the voice of emerging countries in international affairs."　　Brazilian Deputy foreign Minister Ribet said.　　Lijian, vice president and Professor of finance at Fudan University's School of Economics, said the leaders of the four countries will ask the Governments of Europe and the United States and the world's relevant international organizations to strengthen the supervision of financial capital in Europe and the United States and the disclosure of risks. In an interview with Xinhua news agency, Indian political critic Gupta also said the leaders of the four countries will discuss the direction of further cooperation.　　How to reduce the reliance on the United States dollar in the international financial institutions to reduce the risks posed by possible future international financial crises may be the issue raised by the leaders of the four countries during their meetings. The meeting of the four Heads of state will be held regularly in the future. Indian political analyst Atzie Singh said that both Britain, Russia, China and Pakistan are emerging market economies and are playing an increasingly important role in the world economy.　　He believes that the meeting of the leaders of the four countries is very appropriate and necessary to show that the world economic structure has changed greatly, and world economic cooperation will be more towards multilateralism.　　Brazil's Deputy foreign minister, Ribet, said that while the meeting might not produce very specific measures, its most crucial significance was to allow the linkage between the four countries to begin functioning, since there was great potential for cooperation among the four countries, and the meeting of the four heads of state would be held regularly in the future.　　Russian Deputy Prime Minister Ivanov said the meeting itself showed that the BRICS leaders and experts were aware of the importance of continuing cooperation on the platform. Four countries features different cooperation prospects Brazil's deputy foreign minister, Ribet, said: "At present, the four countries have a wide range of exchanges, but can also be expanded to avoid trade protectionism." "India's political critic Gupta says the four countries have their own advantages, with Brazil's agriculture and minerals, Russian military and energy, and manufacturing in China and India having a greater international impact." In particular, China and India for Brazil, Russia's resources, energy has a huge demand, and Russia and Pakistan for the Chinese and Indian manufacturing industry demand is very large. By aggregating their own resources to seek common development. Lijian, vice president and Professor of finance at Fudan University's School of Economics, said: "A unified model of cooperation will have a larger scale effect and will promote mutual support and collaboration among emerging market economies, which is of great significance in changing the current imbalances in the world economy." "(Xinhua news Agency) Background information BRIC countries (BRICS) include Brazil, Russia, India and China. The BRIC, which happens to be the first letter of the English name of the four countries, is named "The Brics" because it sounds similar to the word "bricks" in English. The BRIC group was first proposed by Jim, chief economist of Goldman Sachs in 2001. In 2003, O ' Neill said in a forecast report, by 2050, the world's economic leaderIt will not only be the United States, Europe and Japan, but also the BRIC countries from the developing world. "Bric" land area of the world's total area of 26%, the population accounted for 42% of the global population, economic output accounted for the global share of 15%, the contribution to world economic growth is close to 50%. According to the International Monetary Fund, the average economic growth rate of the four countries was 10.7% between 2006 and 2008. With the rapid economic growth of the four countries, their international influence is growing.