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The country faces rising downward economic pressure amid intertwined structural, institutional and cyclical problems, according to the statement.

Comparing the world today to a vast ocean in which all countries are interconnected and share a promising future and face the same challenges, he said: "No one can stay unscathed or deal with these challenges on their own. Shifting troubles to others is not the right way forward. Collective response is the only viable solution."

-- Selecting officials based on integrity and ability and on the basis of merit regardless of background to cultivate more talented individuals;

He also urged the New Development Bank to prepare for membership expansion.

In September, the Brazil government relaxed restrictions on the establishment of financial institutions. Bank XCMG, affiliated to China's Xuzhou Construction Machinery Group, has become the first foreign bank that was approved by Brazil's central bank after the release of the new regulation, and the bank's foreign shareholding ratio is as high as 100 percent.