Plan to cut red tape will help boost investment
A key outline document put together by commerce ministers will increase investment and stimulate growth in BRICS countries, a senior Chinese trade official revealed.
Eliminating red tape and streamlining regulations for companies should help open up markets and boost the investment environment for the bloc's members - Brazil, Russia, India, China and South Africa, he said.
"Strengthening investment among BRICS countries will help explore each nation's potential and will raise cooperation to a new level," said Hu Yingzhi, deputy negotiation commissioner at the Ministry of Commerce.
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