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A growing Chinese middle class and affordability of locally manufactured cars has helped domestic sales.
Since economic conditions have changed in the past decades, some of the existing standards are out of date.
On Saturday, the IMF also warned of heightened political and policy uncertainties.
Russia and Japan are expected to sign agreements on the implementation of about 20 joint projects.
Iran has the US between Iraq and a hard place in the Middle East.
The fate of the 40-megawatt Arak reactor was a key sticking point in nearly two years of negotiations that led to the nuclear agreement.
BRICS countries represent 43 per cent of the world’s population.
The war that has killed hundreds of thousands in Syria is far from over.
Finance Minister Meirelles expects the economy will show "meaningful growth rate" by the end of 2017.
China has invested more than $50 billion in countries along the Belt and Road since proposing the initiative in 2013.