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In a fast-changing world, China is ready to share with other countries its experience and work together for common development and a shared future.

Thanks to the Belt and Road Initiative, China has significantly expanded its foreign trade with countries in Eastern Europe, Central Asia, West Asia, South Asia and Southeast Asia, while the economies of those countries have also been boosted, Ostrovsky said, adding therefore, China is benefiting, and so is the world as a whole.

On Friday afternoon, Xi met with the attendees of the meeting and had photos with them.

In a world undergoing changes unseen in a century, the risks and challenges that the country is facing are more severe than ever, Xi said.

The BRICS leaders' meeting is an excellent opportunity for Brazil to deepen business, investment and financial cooperation with China and other BRICS countries, said Marcos Trojan, special secretary for foreign trade and international affairs of Brazil's Ministry of Economy.