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Economy

Xi calls for greater representation, voice of emerging economies, developing nations

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2017-09-05 11:20:53Xinhua Gu Liping ECNS App Download

Chinese President Xi Jinping on Tuesday called for efforts to enhance the representation and voice of emerging market and developing countries in global economic governance.[Special coverage]

Xi made the remarks at the Dialogue of Emerging Market and Developing Countries held in the southeastern city of Xiamen.

"We need to promote greater representation and voice of emerging market and developing countries in global economic governance, and foster an international economic order that is fairer and more equitable," he said.

In an increasingly interdependent and integrated world, all countries have formed a community of shared interests. Openness, inclusiveness and win-win cooperation are the only viable option, the president said.

Xi called for emerging market and developing countries to advocate an open world economy, firmly support multilateral trading regime, oppose protectionism, and rebalance the economic globalization to make it more inclusive and beneficial to all.

The BRIC grouping of Brazil, Russia, India and China was formally established in 2006. In 2010, South Africa joined the group, and the acronym was changed to BRICS.

  

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