Chinese President Xi Jinping said Sunday that the development of emerging market and developing countries is not intended to "move the cheese of anyone" but to "make the pie of the global economy bigger". [Special Coverage]
Xi made the remarks in a keynote speech at the opening ceremony of the BRICS Business Forum, prior to the grouping's ninth summit to be held in the southeastern city of Xiamen.
"Only openness delivers progress, and only inclusiveness sustains such progress," he said.
Due to sluggish global growth in recent years, such issues as uneven development, inadequate governance and deficit of fairness have become more acute, and protectionism and inward-looking mentality are on the rise,he noted.
The global economy and global economic governance system, having entered a period of adjustment, face new challenges, he told the forum.
"We should not ignore problems arising from economic globalization or just complain about them. Rather, we should make joint efforts to find solutions," said Xi.
He added BRICS countries should work together with other members of the international community to step up dialogue, coordination and cooperation and contribute to upholding and securing global economic stability and growth.
"We five countries should open more to each other, expand converging interests in this process, take an inclusive approach and share opportunities, so as to create even brighter prospects for growing the economies of the five countries," he said.