BRICS Summit in Xiamen Raises Hopes

US Ambassador to the United Nations Nikki Haley addresses a UN Security Council meeting on North Korea

In March, Chinese Foreign Minister Wang Yi said that China would explore options for expansion to a "Brics plus" and build a wider partnership through dialogue with developing countries and global organizations.

Wang, who was one of the Chinese experts threatening India with war during the standoff at Doklam, said "there was no reason for India and China to be hostile to each other".

Also on Friday, BRICS New Development Bank President K.V. Kamath said in Shanghai that the NDB aims to lend around $4 billion next year and also plans to start lending to private sector projects. The Prime Minister will hold discussions with State Counsellor Daw Aung San Suu Kyi on matters of mutual interest. The visit is important as India's eastern neighbour is a vital part of its Act East and neighbourhood first policy.

Speaking at the second NDB-BRICS Business Council Dialogue in Shanghai, ahead of a September 3-5 BRICS Summit in Xiamen, Fujian province in East China, President K.V. Kamath said the bank has operated smoothly over the last two years.

On Saturday, Modi, slated to arrive in Xiamen later on Sunday, said he would also meet other BRICS leaders.

Leaders will meet with the Brics Business Council, officials from the New Development Bank as well as review economic developments and projects. China also understands the significance of PM's Visit therefore just before the visit, it has reiterated that there is great scope for cooperation between both countries. "There is huge potential for cooperation between China and India". "The worldwide community should recognise the contributions and sacrifices made by Pakistan", said Hua.

BRICS is a five nation grouping consisting of Brazil, Russia, India, China and South Africa. Sharing the details about the trip Modi tweeted: "My Myanmar visit includes programs in the historic city of Bagan & Yangon".

PM Modi carried out the first cabinet reshuffle on November 9, 2014 and two days later on November 11, he left on a 10-day tour of Myanmar, Australia and Fiji.

Jiang said the larger meeting would focus on deepening cooperation and promoting cultural and people-to-people exchanges, as well as enhancing institution building.

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