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Consumer price index (CPI), a main gauge of inflation, accelerated more than expected to a seven-month high of 1.8 percent in August, up from July's 1.4 percent, beating market expectation of 1.6 percent, according to data released by the National Bureau of Statistics (NBS) Saturday.

BRICS groups five emerging-market countries -- Brazil, Russia, India, China and South Africa. The cooperation framework was set up in 2006.

Initial investigations showed that the gangs have smuggled at least 180,000 tonnes of oil valued at 900 million yuan (138 million U.S. dollars) so far this year.

The two leaders witnessed the signing of the 14 cooperation agreements on infrastructure financing, bridge construction, bond issuance, drug rehabilitation, climate change, intellectual property protection, industrial capacity cooperation.

"Socialist countries including China and Laos have been making tireless efforts to explore a development path that suits its own conditions, and have made remarkable achievements," he said.