Business community backs shared prosperity

The Chinese business community has affirmed its support for an open world economy and its opposition to protectionism, calling it the only approach for the world to avoid recession and achieve inclusive, sustainable growth.

Speaking from the sidelines at the 10th BRICS Summit in South Africa, Sun Xiao, director general of the multilateral cooperation department of the China Chamber of International Commerce, said the business community backs proposals voiced by President Xi Jinping.

He said China had the largest business delegation in history attending the BRICS Business Forum, part of this week's summit, calling it "an indication of our confidence in the BRICS goals".