ABSTRACT

The China, India, Russia, Brazil and South Africa (BRICS) countries clearly proposed global governance reform and the establishment of a more representative international financial architecture so as to enhance the voice and representation of developing countries. The BRICS is a representative of emerging markets and economies, and an important new force in the perfection and reform of global financial governance. The BRICS countries should follow the principle of sustainable development, make infrastructure development a priority of international development and cooperation, firmly uphold international fairness and justice, and take the initiative to assume their due obligations and responsibilities. China and other BRICS countries should further strengthen their cooperation in the aspects of economy and trade, as well as investment, to provide more "positive energy" for the creation of a more fair and reasonable international financial order.