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BRICS Bank Opens in China to Provide Loans for Developing Economies

Jul 21, 2015 12:21 PM EDT

Brazil, Russia, India, China, and South Africa (BRICS) have officially commissioned the New Development Bank (NDB) in Shanghai on Tuesday. The group said that the bank will primarily hand out loans to countries whose economies are still not yet fully developed and are in need of capital.

Leaders Discuss Security and Development at 15th Shanghai Cooperative Organization Summit

Kwao Peppeh |

Jul 11, 2015 10:10 AM EDT

Leaders of Shanghai Cooperative Organization (SCO) member countries on Friday agreed to jointly address challenges to their national security and laid out a framework to deepen their economic, social and political cooperation.

China-LatAm Cooperation To Be Propelled By Three Engines - Xi Jinping

Gunnar Blaschke |

Jul 25, 2014 02:53 AM EDT

Chinese president Xi Jinping recently used an aphorism to describe how he sees the future cooperation between China and the Latin American countries.“Our partnership with the Latin American countries will be propelled to new heights by three engines: Trade, investment and financial cooperation.”

President Xi Calls for Greater Role for Developing Nations as BRICS Summit Opens

Andy Vitalicio |

Jul 15, 2014 03:05 PM EDT

Leaders of the five countries composing BRICS kicked off a summit meeting at the Ceara Convention Center in Fortaleza, Brazil Tuesday, confident that they would agree on cooperating on a long-term basis for what the summit's theme represents - sustainable solutions for inclusive growth.

China Vows To Push For Developing Countries’ Rights In BRICS Summit

Christl Leong |

Jul 15, 2014 03:35 AM EDT

China's President Xi Jinping announced on Monday his country's commitment to push for better representation for developing nations, in light of its status as one of the world's leading economies.

President Xi stops by Greece on Way to Latin America

Staff Reporter |

Jul 14, 2014 12:01 AM EDT

Chinese President Xi Jinping spent the night on the island of Rhodes in southeastern Greece, after meeting with his Greek counterpart Sunday afternoon on a quick stopover while on the way to South America.