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China, which took over the BRICS presidency this year, will host the Ninth BRICS Summit in September in Xiamen, Southeast China's Fujian province.
China's plan for a new type of urbanization will generate higher consumer demand from a larger section of residents. As the focus of consumption upgrade shifts to lower-tier cities and towns, the room for growth will hopefully increase for a greater number of cost-effective domestic brands, Cheng said in a research note on Nov 20.
China, the world’s largest developing country with an upgrading super-large domestic market, welcomes businesses from the two countries to invest in modern services and the financial sector, he said.
Chinese Foreign Ministry spokesperson Hua Chunying said at a daily press briefing that the deal embodies the broadest consensus of the international community on coping with climate change.
China, Japan and the Republic of Korea vowed on Wednesday to advocate multilateralism and promote regional peace, making their cooperation the cornerstone of Northeast Asia's prosperity and stability.
来源：资阳报