CHINA> National
    BRIC seeks global voice at first summit
    (Agencies)
    Updated: 2009-06-15 16:52

    MOSCOW - The leaders of the world's biggest emerging markets - Brazil, Russia, India and China - meet this Tuesday for their first formal summit, seeking a louder voice on the global stage.

    Leaders of the so-called BRIC nations will discuss ways to reshape the global financial system after the worst economic crisis for decades and ideas for a new reserve currency to reduce dependency on the US dollar may be on the agenda.

    "The good news is that rich countries are in crisis and that emerging countries are making a huge contribution to save the economy and, consequently, save the rich countries," Brazilian President Luiz Inacio Lula da Silva told Reuters on June 17.

    "Wealthy countries are no longer the only ones that account for the world's production capacity and consumption," he added, saying the BRICs should work together to "change the political and trade geography of the world.

    Special coverage:
    BRIC seeks global voice at first summitSCO & BRIC Summits
    Related readings:
    BRIC seeks global voice at first summit Hu in Yekaterinburg for SCO, BRIC summits
    BRIC seeks global voice at first summitBRIC to grow faster after global crisis
    BRIC seeks global voice at first summit BRIC club of emerging powers
    BRIC seeks global voice at first summit Crisis speeds BRIC rise to power: Goldman's O'Neill

    The BRIC term was coined by Goldman Sachs economist Jim O'Neill in 2001 to describe the growing power of emerging market economies. The June 16 summit in the Russian Urals city of Yekaterinburg marks a step toward cooperation as a group.

    BRIC countries account for 15 percent of the $60.7 trillion global economy but Goldman Sachs predicts that in 20 years time, the four countries could together dwarf the G7 and China's economy will overtake the United States in total size.

    "BRIC is a myth but a myth that is slowly becoming a reality," said Alexei Pushkov, a professor of international relations and a leading Russian journalist.

    "This summit shows there is a tentative community taking root. The question is whether it can become a political institution or whether it will be dormant."

    Behind the bluster, divisions abound.

    Chinese President Hu Jintao brings as much GDP to the table in Yekaterinburg as the three other BRIC countries combined and Beijing is wary of being seen to confront the United States.

    It is Russia and Brazil - arguably the weakest BRIC members - that have been most vocal about pushing for discussions on reducing dollar dependence.

    China, the world's largest holder of US Treasuries, says the dollar will retain its dominant role and analysts said there is unlikely to be substantial agreement on major issues at the summit.

    "This meeting shows the growing influence and voice of the emerging world, something that the Obama administration is also paying attention to," said Qin Yaqing, vice president of China Foreign Affairs University in Beijing.

    "But there are also big differences between them. So complete cooperation between them would be extremely difficult, but partial cooperation is possible, and a meeting like this will help amplify their shared voice," said Qin.

    Russian President Dmitry Medvedev has made proposals on giving a greater role to the International Monetary Fund's Special Drawing Rights that echo ideas from Chinese central bank chief Zhou Xiaochuan.

    Russia said it would reduce the share of US Treasuries in its $400 billion reserves and buy IMF bonds. China, Russia and Brazil have pledged to help capitalize the IMF as they seek more influence at the fund.

     

     

    亚洲精品人成无码中文毛片| 中文字幕一区二区人妻性色| 一本大道东京热无码一区| 国产成人无码一区二区在线观看| 无码人妻久久一区二区三区免费 | 久久ZYZ资源站无码中文动漫| 无码av免费一区二区三区试看| 中文日韩亚洲欧美字幕| 91天日语中文字幕在线观看 | 亚洲AV无码专区亚洲AV伊甸园| 日韩精品真人荷官无码| 中文毛片无遮挡高潮免费| 人妻丰满熟妇岳AV无码区HD| 免费无码又爽又刺激网站直播| 波多野结衣中文字幕免费视频| 亚洲av无码乱码国产精品| 亚洲伊人久久综合中文成人网 | 无码人妻久久久一区二区三区| 亚洲欧美精品综合中文字幕| 色欲综合久久中文字幕网| 亚洲无码高清在线观看| 大桥久未无码吹潮在线观看| 中文字幕亚洲综合精品一区| 中文字幕在线精品视频入口一区| 亚洲人成无码www久久久| 成人毛片无码一区二区三区| 国产精品VA在线观看无码不卡| 日本中文字幕在线视频一区| 亚洲高清有码中文字| 亚洲午夜福利精品无码| 亚洲AV无码AV男人的天堂不卡| 国产综合无码一区二区辣椒| 久草中文在线观看| 在线亚洲欧美中文精品| 免费a级毛片无码a∨免费软件 | 永久免费AV无码网站国产| 高清无码中文字幕在线观看视频| 亚洲成av人片在线观看天堂无码 | 无码日韩精品一区二区人妻| 免费无码国产V片在线观看| 中文有无人妻vs无码人妻激烈|