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    BRICS Leaders Informal Meeting on Sidelines of G20 Summit

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    The leaders of the BRICS countries – Brazilian President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, South African President Jacob Zuma and Chinese President Xi Jinping are having a meeting on the sidelines of the G20 summit in Hangzhou on Sunday, September 4.

    BRICS is an association of five developing economies, including Russia, China, Brazil, India and South Africa, which comprises over one third of the world's population. The five nations have a combined nominal GDP equivalent to approximately 20 percent of gross world product.

    The next official BRICS Summit will be hosted by India during its chairmanship, and is scheduled to take place on October 15-16, 2016 in the city of Goa. The G20 summit will take place in the Chinese city of Hangzhou on September 4-5.

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      China wants, together with India to contribute more to the growth of the world economy, Chinese President Xi Jinping said on Sunday.

      The Chinese President and Indian Prime Minister Narendra Modi held a meeting on the sidelines of the G20 Summit in Hangzhou.

      The G20 summit takes place at September 4-5 in Hangzhou, with the main theme - "Building innovative, healthy, coherent and inclusive global economy."

      "China wants to deepen the cooperation with India within the framework of the G20, make a greater contribution to the global economic growth and the improvement of global economic governance system together" - the Chinese Foreign Ministry quotes Xi Jinping's speech at the meeting.

      Xi also said that relations between China and India are maintained on a healthy and stable level. According to him, the parties should continue the implementation of major projects in many areas, to promote the continuous development of the friendly cooperation between the parties. Xi Jinping stressed that China supports India's efforts to prepare for the upcoming BRICS Summit in October and hopes that the Indian side will help to achieve positive results G20 Summit in Hangzhou.

      In his turn, the Prime Minister of India stressed the importance of the strategic partnership between the countries for the sake of the region and the world. He also expressed his hope for the success of the G20 summit in Hangzhou and the participation of Xi Jinping in the BRICS summit in October.

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