The recently concluded BRICS summit in Sanya, Hainan province, has once again highlighted the importance of emerging economies in the transformation of the international political and economic order.
The latest BRICS summit held in south China increased the voices of emerging economies on the world economic and financial order, some foreign media reported.
While leaders of the world's five largest emerging economies concluded their meeting looking for bigger roles in international affairs, experts have predicted an optimistic but uneven road ahead.
The Hainan summit of BRICS (Brazil, Russia, India, China, and South Africa) gives a foretaste of what the world will increasingly look like in the 21st century.
BRICS' efforts to seek greater say and representation of emerging markets and developing countries in global economic governance will help level the international trade, monetary and financial systems in favor of developing countries.
With emerging market economies growing all over Asia, Europe, Africa and Latin America, the newly enlarged BRICS is becoming more and more influential.
China's trade outlook remains positive and will supply enormous opportunities for emerging economies as the nation optimizes its trade structure, trade officials and experts said on Thursday.
Scholars from European countries expressed surprise that the BRICS group of developing countries agreed on such a "long, impressive and ambitious" declaration, which will inject new impetus into international relations and governance.
The world economy's center of gravity is shifting rapidly to Asia, which will soon rival Wall Street as a source of routine market signals, Australia's central bank chief said Thursday.
The BRICS countries - originally Brazil, Russia, India, and China, and now South Africa - have turned out to be a source of global economic development and essential to future generations. The center of global economic activity is shifting from industrialized nations in the west to emerging economies in Asia, Africa, and Latin America.
The leaders of the five countries will meet at the BRICS summit in Sanya, Hainan province, on April 14 to discuss global developments, financing and cooperation. But apart from the points on the Sanya summit agenda, the leaders have to deal with five domestic problems.
Still reeling from the just-passed financial maelstrom, the global economy is now, at best, in poorly charted waters, and needs both good engines and good steering to navigate ahead.
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