20:08 GMT +319 August 2019
Listen Live
    On July 15, 2014, BRICS leaders -- Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Brazilian President Dilma Rousseff, Chinese President Xi Jinping and South African President Jacob Zuma (from left to right) -- pose for a group photo in the Congress Center in Fortaleza.

    Chinese Vice Minister Confident in BRICS Economies' Development

    © Sputnik / Michael Klimentyev
    Business
    Get short URL
    2015 BRICS, SCO Summits in Russia's Ufa (73)
    0 73

    BRICS countries are under severe economic challenges along with the rest of the world, but are confident the economies of the BRICS countries will stabilize very soon, Chinese Vice Minister of Commerce Wang Shouwen said Tuesday.

    MOSCOW (Sputnik) – Wang suggested that the economies of the BRICS countries would bounce back quickly because of new opportunities on the market.

    “I agree that the world economy is on the track of a weak recovery and within ourselves, BRICS countries are facing severe challenges as well. In addition to that, the Greek debt crisis… also imposes threats on the world economy,” Wang said in English.

    “Nevertheless, we are very confident about the prospect of BRICS countries’ economies because we think that we have large markets…and we have a lot of new opportunities from industrialization, from IT applications and urbanization. So we hope and we are confident that the economies of BRICS countries will stabilize very soon,” Wang added.

    Topic:
    2015 BRICS, SCO Summits in Russia's Ufa (73)

    Related:

    'Much Work Needed' Before Greece Joins BRICS Bank - Deputy Defense Minister
    Moscow Views Russia-BRICS Ties as Priority for Foreign Policy - Official
    Greece Can Join BRICS as a Growing Economy - Official
    Tags:
    market, debt crisis, economy, BRICS, China
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik