Xiamen, Sep 4 : China will provide USD 76 million for a BRICS economic and technology cooperation plan and another USD 4 million to support the projects of the bloc’s New Development Bank, President Xi Jinping announced today.

Calling on the five nation grouping to forge unity to jointly advance solutions for international peace and development, Xi said the BRICS countries should make economic globalisation open and inclusive, and beneficial to all.

“I wish to announce here that China will launch the economic and technical cooperation plan for BRICS countries with 500 million yuan [about USD 76 million at the current exchange rates] for the first term to facilitate policy exchange and practical cooperation in economic and trade field,” Xi said at the opening of the plenary session at the BRICS Summit in Xiamen.

Prime Minister Narendra Modi along with other leaders of the BRICS countries participated in the meeting. (courtesy:( PTI)