Four emerging markets to play greater role

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Source: CCTV.com | 04-01-2009 20:23

During the summit, the BRIC nations -- Brazil, Russia, India and China, are set to play a greater role in negotiations than ever before. They have reached broad consensus on a series of issues.

A man walks past an advertisement that reads "15 percent anti-crisis discount for pensioners" in the southern Russian city of Stavropol March 3, 2009. REUTERS/Eduard Korniyenko

China has reiterated its opposition to trade protectionism, urging the summit to promote balanced progress of the Doha talks and give more trade support to developing countries.

Among Russia's proposals to the London summit, is a call for an expansion of the currencies used as reserve currencies.

Brazil, India and many other developing countries have also pressed for reform of international financial institutions, appealing for more help for developing countries.

Editor:Zhang Pengfei