Global economy remains in period of adjustment

The global economy is still not healthy enough and remains in a period of adjustment featuring weak growth, with new growth drivers yet to emerge, Chinese President Xi Jinping said Sunday.

Economic globalization is facing more uncertainties, Xi said, noting that emerging market and developing countries find themselves in a more complex external environment.

"The long road to global peace and development will not be a smooth one," said the president.

More than 700 million people are still living in hunger, tens of millions of people have been displaced and become refugees, while many people, including innocent children, have been killed in conflicts, Xi said.

Meanwhile, the president pointed out that the global economy has resumed growth, with emerging market and developing countries delivering a strong performance.

A new round of technological and industrial revolution is in the making, and reform and innovation are gaining momentum, he said.

"We have enough reason to believe that our world will be a better place," Xi said.  

BRICS should build extensive network of partners

Chinese President Xi Jinping said BRICS should promote the "BRICS Plus" approach to build an open and diversified network of development partners.

"We should get more emerging market and developing countries involved in our concerted endeavors for cooperation and mutual benefits," he said, citing a Chinese proverb -- It is easy to break one arrow but hard to break ten arrows bundled together.

Xi said as a cooperation platform with global influence, BRICS cooperation is more than about five countries.

"BRICS places high premium on cooperation with other emerging market and developing countries and have established effective dialogue mechanisms with them," Xi said.