The fifth BRICS summit opened in Durban, South Africa, Tuesday night with President Jacob Zuma hosting a banquet for his counterparts of the five-member grouping and African heads of state and government at the special invitation.
Perhaps Jim O'Neil, an economist with Goldman Sachs, would have never imagined that the word "BRICs" he coined in a 2001 research paper could have in reality helped assemble the power of the world's five emerging market economies.
The fifth BRICS summit should focus on finding ways of enhancing relations between BRICS members and the African continent, a South Africa government minister said on Tuesday.
简体中文
