Economists say developing markets, especially the BRICS countries of Brazil, Russia, India, China, and South Africa, will be critical to world recovery and growth.
CCTV’s Lin Nan reports.
Focusing on building an innovative, invigorated, interconnected, and inclusive world economy… the G20 Hangzhou Summit provides world leaders a platform to discuss how to help the global economy recover and boost its growth.
Experts say emerging market economies will be the driving force in achieving the summit’s goal.
As the world economy transitions towards balanced, sustainable, and inclusive growth, experts believe emerging economies, especially Brazil, Russia, India, China, and South Africa or BRICS, have a critical role to play.
A series of mechanisms for dialogue will further strengthen cooperation and communication among BRICS.
After the G20 meeting, this year’s BRICS Summit will be held in India in mid-October.