China enables both the BRICS and SCO to embrace fresh opportunities for their future development, Chinese Foreign Minister Wang Yi said Saturday following the conclusion of two international gatherings in the Russian city of Ufa.
The distance between Ufa, a major city in Russia, and the capital, Moscow, is less than 1,500 kilometers, but I have to wait at least six hours for a plane. It's not like in China, where Beijing is connected with every provincial capital by dozens of daily flights.
The seventh BRICS summit, which began in the Russian city of Ufa on Wednesday, is expected to strengthen the bilateral and multilateral partnerships and help the bloc make further contributions to world economic development.
For the second time in two months, President Xi Jinping is visiting Russia, this time to attend the BRICS summit and the 15th meeting of the Council of Shanghai Cooperation Organization Heads of State in Ufa, capital of Russia's Bashkortostan republic, on July 8-10.
The 7th BRICS summit taking place in the Russian city of Ufa could mark a milestone in the group's history, with the launch of a multi-billion US dollar development bank expected to correct development problems among its members, experts have said.
The Shanghai Cooperation Organization (SCO) is growing in size, but a larger SCO means more boons, not threats, to the international community.
Having made fruitful achievements in various fields, the Shanghai Cooperation Organization (SCO) should take the opportunity of an upcoming summit in Ufa, Russia, to reinforce the mechanism for economic cooperation, a Russian senior researcher has said.
Leaders from the BRICS countries are expected to discuss long-term goals of the bloc and measures to promote cooperation at their summit in Ufa, Russia.
The BRICS development bank is expected to start operations around the end of this year and play a complementary role to existing global financial mechanisms.
Indian Prime Minister Narendra Modi is scheduled to visit China from Thursday to Saturday. This reciprocal visit to Chinese President Xi Jinping's trip to India last September will further contribute to the amicable relations of the two large neighbors and deepen cooperation between the two emerging economies in an all-round way.
On May 9, when Russia celebrates the 70th anniversary of Victory in the Great Patriotic War against Nazi Germany, Moscow's Red Square will for the first time see a unit of China's People's Liberation Army marching past the reviewing stand. Among the foreign dignitaries reviewing the military parade, Chinese President Xi Jinping will be the most prominent.
Facing an economic slowdown, China is eyeing the global market in an ambitious drive to fast-track industrial cooperation, which it says will benefit both the country and the world economy.
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