BRICS Summit 2017 Hosted By China At Xiamen Leads All Developing Countries To A High Economic Growth.

BRICS is a community Forum like G7 and G20 of world most promising developing countries, Brazil, Russia, India and China and South Africa which was started on 2009. BRICS have tremendous potential among the members countries to increase partnerships with each other in trade and economic development and discuss about the present Global challenges and maintaining World Peace and security.

All BRICKS countries together cover 40 percent of worlds Population and more than 25 percent of worlds land.

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If all these countries working together then sky is the limit for development in those countries. China and India together take a joint stand in Last WTO forum against US and EU for subsidies on agricultural production.
BRICS Summit is hosted by China this year at Xiamen on 3 to 5 September where five members countries representative and their captain industrialist as well as Leaders of five guests countries Mexico, Guinea, Egypt, Tazakistan , Thailand will attend the BRICS summit this year as invited by China.

BRICS brings the opportunity for its members countries along with some guest countries for meeting with each other delegate members as well as companies to discuss for different investment and trade , technology and research opportunities in each other countries which increase Bilateral trade and economic growth for all its members.

2017 BRICS Summit is very important because of China and India finally comes closer after two months Doklam Borders StandOff.

Secondly North Korea's Nuclear threat towards Global. China and Russia are going to discuss in BRICS about North Korea.

This Summit is very important for all BRICS counties as well as all guest countries as Asian Infrastructure Investment Bank (AIIB)and New Development Bank (NDB)are come to existence in China and both of these Bank have preferences to sanctioned loans to BRICS Counties.

The BRICS Summit 2017 should discuss the significance of the Renminbi becoming a reserve currency in IMF’s Special Drawing Rights along with the Japanese Yen, British pound sterling, US dollar and Euro.

There should be more discussion on currency swaps between BRICS members so that the need for huge dollar reserves is reduced in the future. Russia and China already have a big currency swap arrangement of $24 billion which is a kind of mutual credit line between the central banks of the two countries.

They are going to discuss about a payment system
in national Currency.

Yesterday Chinese President Xi ZenPing stated that Chinese companies Continued its operations Throughout the World and at China opens its doors to all international companies.
Chinese President stated that BRICS counties all together fighting with terrorism.
He stated that in BRICS all the decision are made through consultation, not by one one country and BRICS Forum respect each other's model of development, accommodate each other's concern and work to enhance strategic communications and mutual trust.

He stated that despite of many differences BRICS countries can achieve steady progress in Chinese Cooperation with a strong faith in mutual trust and collaboration with a wide range framework for development.

According To Chinese President BRICS countries should improve macro-economic policy coordination, synerrgize development strategies, leverage strength in industrial structure and resources endowment and creative value chains and a big market for shared interests to achieve interconnected development.

He also stated about his concern on hungry people worldwide and refugees and killing of innocent people including children.

He also stated that we should push for an open world economy, promote trade liberalisation and facilition , jointly create a new global value chain and realise a global economic rebalancing as all developing countries market enhanced and a new round of technological and industrial revolution is in the making.

Chinese President want a BRICS plus plan to possibly expand the bloc to new members Thailand, Mexico, Egypt, Guinea and Tazakistan and Mexico.
BRICS Summit have enormous possibility to these developing countries to focus on health, nutrition, education, urbanization , drug regulations and agricultural research and deliberations.

BRICS Summit should Focus on integrating th MSMEs production into the regional and global value chains which will enable members to raise their workers incomes. Reducing inequality of incomes should also be a focus of the meeting.

Chinese One Belt One Road Program which aims to expand trade links between Asia, Africa Europe and beyond through Infrastructure Investment also raised in this Summit for discussion along with Bilateral talks between China and India resolve many issues between India and China which will enhanced both Countries Economic growth to a new hight.

To Be Continued.

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