Expat calligraphy competition awards35 winners

Thirty-fi ve expats received prizes in Futian at the fi rst Chinese calligraphy competition for locally based expats, which lasted over two months

- - - - - - - - - - - - - - - - - - - - - - - - - - - - China opposes, condemns DPRK nuclear test

China’s Foreign Ministry issued a statement yesterday, expressing fi rm opposition to and strong condemnation of a nuclear test undertaken by the Democratic People’s Republic of Korea (DPRK)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Go big or go home

Encouraging governmental moves do not necessarily mean that all foreign-funded fi rms will be successful and make big money in China since investment in a foreign country is always between laughter and tears

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Kobe Bryant to visit Haikouin September

Retired U.S. basketball superstar Kobe Bryant will visit Haikou, the capital city of South China’s Hainan Province, on Sept. 12

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Clooney depicts American nightmarein ‘Suburbicon’

George Clooney, whose “Suburbicon” is competing for the Venice Film Festival’s Golden Lion prize, says his latest directorial effort is an angry movie for an angry country — his own

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P3 First commercial monorail debutsChina’s fi rst commercial monorail, designed by BYD, openedto traffi c at the 9th China Flower Expo in Yinchuan City

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Record-breaking US astronaut back on EarthPeggy Whitson made a parachute touchdown in Kazakhstan on Saturday, capping a career-total 665 days in orbit, a U.S. record

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President Xi Jinping gives a speech at the opening ceremony of the BRICS Business Forum in Xiamen, East China’s Fujian Province, yesterday. China News Service

COOPERATION IN SECOND COOPERATION IN SECOND GOLDEN DECADE: XI TO BRICSGOLDEN DECADE: XI TO BRICS

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PRESIDENT Xi Jinping said yesterday that BRICS coun-tries should work to usher in the second “golden decade” of cooperation and work to let their economic cooperation have more substance.

“Economic cooperation is the foundation of the BRICS mechanism,” Xi said in a keynote speech at the opening ceremony of the BRICS Business Forum in the southeastern city of Xiamen, Fujian Province.

He said going forward, BRICS countries have major tasks to accomplish, which are to grow economies and to strengthen cooperation.

“It is time to set sail when the tide rises,” Xi said.

BRICS groups fi ve emerg-ing-market countries — Brazil, Russia, India, China and South Africa. The cooperation frame-work was set up in 2006.

Xi said this year BRICS countries have made progress in the operation of the New Development Bank and Con-tingent Reserve Arrangement

and in e-commerce, trade and investment facilitation, trade in services, local currency bond issuance, scientifi c and techno-logical innovation, industrial cooperation and public-private partnership.

He said BRICS countries should implement agreements and consensus already reached while actively exploring new ways and areas of practical cooperation.

Xi said BRICS economies are facing challenges posed by shrinking global demand and rising fi nancial risks.

To get through this stage, BRICS economies should pursue innovation-driven development created by smart manufacturing, the Internet Plus model, digital economy and sharing economy, Xi said.

He said BRICS countries should improve macroeconomic policy coordination, synergize development strategies, leverage strengths in industrial structure and resources endowment, and create value chains and a big

market for shared interests to achieve interconnected devel-opment.

“We should blaze a new path that may also help other emerg-ing market and developing coun-tries to seize opportunities and meet challenges,” Xi said.

Xi said emerging market and developing countries are playing an ever greater role in interna-tional affairs.

Calling BRICS cooperation “a natural choice” made by the fi ve countries, Xi said the bloc has become a bright spot in the global economy in the past decade.

Together, the fi ve accounted for 23 percent of the 2016 global economy, almost double their share in 2006, and contrib-uted to more than half of global growth.

Xi said the past decade has seen the countries making headway in pursuing common development, with their combined GDP having grown 179 percent, trade having increased 94 percent and urban population having expanded

28 percent during the period.The bloc has contributed

signifi cantly to stabilizing the global economy and returning it to growth, and has delivered tangible benefi ts to more than 3 billion people, he said.

The New Development Bank and the Contingent Reserve Arrangement have provided fi nancing support for BRICS infrastructure building and sus-tainable development, contribut-ing to enhanced global economic governance and the building of an international fi nancial safety net, he said.

About 1,200 people, including 1,069 senior executives from 630 companies from China and abroad, joined the two-day forum.

The emerging markets’ coop-erative mechanism was initially launched in 2006 with four members — Brazil, Russia, India and China. South Africa was admitted in 2010. The group’s fi rst summit was held in Yekat-erinburg, Russia, in 2009.

(Xinhua)