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"As long as we pay great attention, think correctly, take effective measures and work in a down-to-earth way, abject poverty is absolutely conquerable," Xi said.

Xi noted that the China-Singapore traditional friendship, promoted by mutual learning and cooperation, has reaped rich fruits.

However, with concerted efforts, the BRICS five could well expand their pragmatic cooperation.

In a phone conversation with Sigmar Gabriel, German vice-chancellor and foreign minister, Wang said that thanks to concerted efforts of all parties concerned, the tensions on the Korean Peninsula has shown some signs of easing. However, the "August crisis" has not ended yet and all parties should continue to work to resolve the issue.

Waheguru Pal Singh Sidhu, a non-resident senior fellow at the Brookings Institution, told Xinhua in a recent interview here that the upcoming summit is very important because it sets a stage to resolve differences among BRICS nations and extend cooperation from economic issues to other areas.