China's top customs authority announced Friday that the country's foreign trade with the other four BRICS nations surged by 45.8 percent to reach $59.9 billion in the first quarter of this year.
China's trade outlook remains positive and will supply enormous opportunities for emerging economies as the nation optimizes its trade structure, trade officials and experts said on Thursday.
Chinese President Hu Jintao urged BRICS countries to strengthen partnership for common development at the bloc's summit in Sanya on Thursday.
China's growing overseas investments to other emerging markets will further boost regional cooperation, which may help stimulate the world's economic recovery, economists said on Monday.
The BRICS bloc, comprising Brazil, Russia, India, China and South Africa, should deepen cooperation and have a greater say in the reform of the international monetary and financial system to counter the instability of major currencies.
Trade ministers from China, Brazil, India and South Africa on Wednesday expressed strong support for Russia's accession to the World Trade Organization (WTO) this year.
The BNDES, China Development Bank, Development Bank of Southern Africa, Vnsheconombank and Eximbank of India aim to strengthen cooperation between financial institutions and enhance economic and commercial relationship among countries members.
Financial institutions from the BRICS members should expand local currency settlement and lending to facilitate the countries' economic growth.
BEIJING - India, the world's "back office", is looking to become a more productive partner in BRICS cooperation.
China pledged to diversify its trade with Brazil and boost imports from South America's biggest economy, as Brazilian President Dilma Rousseff began her debut presidential trip outside Latin America.
Special: BRICS Summit 2011
The presidents of China and Brazil on Tuesday signed a joint communique after talks in Beijing, which said the two countries will continue to promote cooperation in trade and investment.
China will authorize three Brazilian pork producers to start exporting to the world's largest consumer of the meat for the first time, Brazil's agriculture ministry said on Monday.