PM Modi to visit China's Xiamen to attend 9th BRICS summit

PM Modi to visit China's Xiamen to attend 9th BRICS summit

"South Africa looks forward to meeting with the like-minded Brics countries as it strongly believes that these engagements will contribute to finding innovative approaches and solutions to our identified triple challenges of poverty, unemployment and inequality, as well as the development objectives of the global South", said presidency spokesperson Bongani Ngqulunga.

Addressing a press conference on the BRICS Summit Chinese Foreign Minister Wang Yi said, "What is important is that we put these problems in the appropriate place, and appropriately handle and control them in the spirit of mutual respect and based on the consensus of both countries' leaders".

Brics leaders will also engage in a dialogue with other emerging markets and developing countries, including Egypt, Guinea, Mexico, Tajikistan and Thailand.

There is also mistrust over China's ally Pakistan, which Indian Prime Minister Narendra Modi - who also will attend - has labelled a font of terrorism.

She also indicated that raising the topic might affect the success of the summit because Chinese leaders may be forced to defend its close ally, Pakistan.

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Ahead of the BRICS summit, the New Development Bank (NDB) of the BRICS countries has approved 1.4 billion United States dollar loans for sustainable development projects in India, Russia and China.

Replying to a specific question, the Ministry of External Affairs on Friday did not rule out a possible meeting between Modi and Chinese president on the margins of the Summit, saying it is a common practice to arrange bilateral meetings on the sidelines of such multilaterals.

Modi's visit was announced a day after India and China agreed to disengage their troops from the Doklam plateau in Bhutan.

"India attaches high importance to BRICS, which has begun a 2nd decade of its partnership for progress and peace", he tweeted. He is visiting Myanmar at the invitation of President U Htin Kyaw. Modi said, "India wants to deepen cooperation with Myanmar in areas such as trade, investment, counter-terrorism, skill development, energy & culture". Russia's state-owned Vnesheconombank (VEB) is extremely interested in partnership with India, VEB First Deputy Chairman Nikolay Tsekhomsky said in an interview with TASS on Saturday.

The 9th annual BRICS summit will try a new format, while keeping the agenda revolving around traditional grouping's priorities.

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