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Economic and trade cooperation among the BRICS countries is in a period of vigorous development, he said, adding that he hopes the business community would make new contributions to promoting BRICS cooperation and advancing economic development in these countries.

This will raise the level of industrialization in developing countries, promote China' s industrial upgrading and drive the export of core technologies and creative products from developed countries. The result could be win-win for all three parties. I believe this could be a new and important way for South-South and North-South cooperation. It could boost the real economy and help counter the downward pressure in global economy.

At present, the overall situation in the South China Sea is stable, but several countries have been stirring up trouble and provoking China over its territorial sovereignty and maritime rights and interests, Hua said.

GUIYANG, June 18 (Xinhua) -- President Xi Jinping told villagers in southwest province of Guizhou that "poverty is nothing to fear" during a tour of the province which ended on Thursday.

The vice premier said the "Belt and Road" initiatives will offer new, important opportunities for the development of Sino-Czech ties.