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As all parties reflect on the weaknesses and deficiencies in global governance exposed by COVID-19, it is also hoped that the Summit would work out a plan for reforming global governance in the post-COVID era, he added.

Quan Heng, an economist in Shanghai, said the recovering Chinese economy has injected confidence and momentum into the world economy.

Comprehensive protection of intellectual property rights, the first such commitment in a free trade agreement, will be fulfilled with copyrights, trademarks, geographical indications, patents, genetic resources fully incorporated in the scope of protection.

, Nov. 17 (Xinhua) -- Overseas experts said Tuesday that Chinese President Xi Jinping's speech at the 12th BRICS summit will boost confidence in safeguarding multilateralism, enhancing global anti-pandemic cooperation and reviving the world economy.

BEIJING, Dec. 7 (Xinhua) -- China's economy got off to a wobbly start in 2020, when it fell victim to the coronavirus and experienced a first-quarter slump. But as the year draws to a close, it is proving to be the fastest to emerge with an economic expansion for the whole year.