Monday, April 11, 2011

Asian Defense News: BRICS News ~ Politics To Temper "BRICS" Broader Ambitions....NSI News Source Info # 1808

Asian Defense News: BRICS News ~ Politics To Temper "BRICS" Broader Ambitions....NSI News Source Info # 1808
April 11, 2011 - BEIJING: (Reuters) - When Indian media reported recently that Chinese troops were in Pakistan-administered Kashmir, the response from China was vehement.

"Such talk is utterly baseless and totally absurd," Chinese Foreign Ministry spokesman Hong Lei told reporters last week.

The episode was a small reminder of the big political differences that confront the leaders of five of the world's big emerging economies as they meet in China this week.

The leaders of the "BRICS" nations of China, Russia, India, Brazil and South Africa have voiced lofty goals, from rebalancing the global economy to giving the developing world more say in the G20 and IMF.

But while they together make up nearly a fifth of the global economy and they indeed share a lot of common gripes, they also have many mutual rifts, China's close relationship with Pakistan among them. Their broader aspirations will likely be frustrated by suspicion and diverging views on key issues.

Thursday's gathering in the southern Chinese beach resort of Sanya, attended by South Africa for the first time, will last just a few hours, according to diplomatic sources.

"They share their relative underdevelopment ... and their willingness to establish a new world economic order, which is where they have greater weight and where they are listened to," said Uri Dadush, head of the Carnegie Endowment for International Peace's International Economics Programme.

http://asiandefensenews.blogspot.com/2011/04/asian-defense-news-brics-news-politics.html

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