BRICS to play key role in safeguarding free trade
By Ren Xiaojin | China Daily | Updated: 2017-07-26 07:35
China will further open up its market for imports from other BRICS countries and pledge to spearhead an anti-protectionism campaign with Brazil, Russia, India and South Africa, a senior commerce official said on Tuesday.
"Investment and trade are the vital economic drive for BRICS countries as it has profound potential," Wang Shouwen, vice-minister of commerce, said at a news conference.
"BRICS took up 23 percent of global GDP in 2016, up from 12 percent a decade ago, but only accounted for 16 percent of world trade, 16 percent of total foreign investment and 12 percent of outbound investment."
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