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The report also criticized China for its military spending, which it said is now 41 times higher than in fiscal 1989.
The BRICS countries are facing some challenges in their respective development, but they still enjoy huge development potentials and the upward trend won't change, Xi told the 7th BRICS (Brazil, Russia, India, China, South Africa) summit in the southwestern Russian city of Ufa.
"Our efforts are centered at localizing business for Chinese companies and strategizing for the firms by informing them, among other issues, the obstacles they face while doing business in Africa and how they can overcome the challenges," SACE Foundation Project Manager Lu Jinghao told Xinhua during an interview.
He called for closer financial cooperation between the two sides to explore suitable financing methods, trade settlement in local currencies, and a currency swap scheme.
"It's not that we're obsessed with pain or rough living. The nature of our work demands that we are not afraid of sacrifice, otherwise, we couldn't do our jobs," Liu Jian, Party secretary of the team, told Xinhua.
来源：资阳报