Friday, August 23, 2013

Launch of BRICS development bank still on track

Business leaders from the BRICS (Brazil, Russia, India, China and South Africa) group of emerging economies met Tuesday in Johannesburg, South Africa, to discuss trade with Africa, insisting that the bloc's planned development bank has not been abandoned.

"Our governments are still committed to the idea of the bank, we believe that it will happen," said Ma Zehua, the leader of the China business delegation.

He said the bank would play an important role in "supporting trade and

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