GLOBAL GROWTH

THE TENTH BRICS Summit, to be held in Johannesburg, is a significant event for co-operation between BRICS countries. President Xi Jinping and President Cyril Ramaphosa will attend the meeting, aiming to enforce mutually beneficial co-operation among BRICS countries and the comprehensive strategic partnership between China and South Africa.

They will also make a contribution to constructing a community of common destiny for all mankind.

Last September, at the invitation of President Xi, BRICS leaders gathered in Xiamen, China, to hold the ninth meeting, where they reviewed and summarised the achievements made throughout the 10 years under the BRICS co-operation mechanism, put forward the Xiamen Declaration, reached a broad consensus on further deepening co-operation and ushered in the second golden decade of BRICS co-operation.

Through the joint efforts made by member countries, BRICS has become an important engine for global economic growth, with remarkable accomplishments in a variety of areas, including economy, finance, international security, environmental protection and global governance, which have brought about greater fairness and reasonableness in the global economy and governance system.

At present, the world is in a period of great development, huge change and major adjustment. The global trends toward multi-polarity and economic globalisation are intensifying, the global economy is in