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His remarks were echoed in London. Chinese Ambassador to Britain Liu Xiaoming on Thursday told a reception that military relations are an important part of the "golden era" of China-Britain ties.

BRICS cooperation has a ten-year history, and it has broken down boundaries of distance, overcome differences of BRICS countries' development path and social institutions, and showcased their shared aspiration for stability, development and people's better livelihoods, Xi said.

"Efforts in cutting red tape, streamlining government function and enhancing compliance oversight over the years have paid off. We need to keep pushing it forward without any complacency, and foster market development with the help of innovation," he said.

That sense of confidence is backed by concrete growth. Weathering through the global financial crisis, the BRICS countries have managed to exceed even O'Neill's bullish expectations.

Some people, seeing that emerging market and developing countries have experienced growth setbacks, assert that the BRICS countries are losing their luster. It is true that affected by complex internal and external environments, we BRICS countries have encountered headwinds of varying intensity. But the growth potential and trend of our countries remain unchanged, and we are fully confident about it.