Toward financial recovery

The second summit of the BRIC nations (Brazil, Russia, India and China) will undoubtedly inject new vitality into the world economy and shore up international hopes for its recovery.

In their two-day summit that started on Thursday, state leaders from the four major emerging economies substantially discussed the global economy and financial situation, issues related to the G20 group, reform of the international financial system, climate change and cooperation among themselves.

Closer cooperation among the BRIC nations in trade and other pressing international issues will boost their own interests in economic development and put themselves in a better position to push for the reform of the global financial system.