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BRICS key to improve global governance

By Chen Xiangyang | China Daily | Updated: 2016-09-08 07:00

Leaders of BRICS (Brazil, Russia, India, China and South Africa) held an informal meeting on Sunday morning before the G20 Summit began in Hangzhou, East China's Zhejiang province, and vowed to coordinate their policies, increase communications, deepen cooperation and jointly tackle challenges.

The meeting came at a time when BRICS faces the risk of retrogressive, rather than progressive, cooperation because of new, intricate circumstances. The "competition and cooperation" games developed and emerging economies play on the geopolitical, geo-economic and other fronts, despite being different from those between the two major camps during the Cold War, highlight the need for strengthened coordination and cooperation among BRICS members.

Mounting uncertainties created by political changes or recession in some BRICS countries and Western economies' attempts to exploit potential dissensions to create chasms among BRICS members - such as the United States' efforts to cozy up to India and hype up unresolved issues between New Delhi and Beijing, have also made it necessary for the five nations to communicate regularly, enhance mutual trust and dispel misgivings.

BRICS key to improve global governance

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