BRICS summit will coordinate cooperation

The seventh BRICS summit, which began in the Russian city of Ufa on Wednesday, is expected to strengthen the bilateral and multilateral partnerships and help the bloc make further contributions to world economic development.

The summit of the five dynamic emerging economies - Brazil, Russia, India, China and South Africa - comes at a crucial moment, as the global economic recovery stutters and the Greece debt crisis unfolds.

The rest of the world looks to the bloc for positive signals that will help build confidence to meet the global challenges, because BRICS member states are committed to working together to build a community of shared destiny and shared benefits.