Make international order more just and equitable: Xi

Chinese President Xi Jinping today called on the BRICS countries to make the international order more just and equitable, asserting that many pressing global challenges cannot be effectively resolved without their participation.

Speaking at the opening of the plenary session at the BRICS Summit in Xiamen, Xi called on the five nation grouping to forge unity to jointly advance solutions for international peace and development.

"We need to make the international order more just and equitable. Our ever closer ties require that we five countries play more active in global governance. Without our participation, many pressing global challenges cannot be effectively resolved," Xi told the gathering.

BRICS - Brazil, Russia, India, China and South Africa - is a grouping of the five emerging economies. The BRICS summit brings together the leaders of these countries.

Prime Minister Narendra Modi, Brazilian President Michel Temer, South African President Jacob Zuma and Russian President Vladimir Putin participated in the meeting.

On the broader future role for BRICS, Xi said the bloc should speak in one voice and jointly present solutions to issues concerning international peace and development.

"This meets the expectation of the international community and will help safeguard our common interests," he said.

"We should remain committed to multilateralism and basic norms governing international relations, work for new type of international relations and foster peace and stable environment of all countries," Xi said.

The five-nation economic bloc also pitched for concluding the long-pending IMF quota reforms by 2019 to give more say to developing nations in the multilateral lending agency.

The quota reforms will increase the voting rights of emerging economies like India in the 188-member International Monetary Fund.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)