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The Council was established in 2013 to serve as platform to boost trade between the five countries.
China's stock market has been in a downward spiral since hitting a peak in June, with the benchmark Shanghai Composite Index shedding more than 30%
Beyond the success of the creation of the BRICS Bank, the economic bloc must overcome geopolitical challenges.
The Russia-China challenge to the US-led global order has its own complex bearings, writes a Chinese scholar.
China is now South Africa's largest export partner.
The attack came a day after nearly 200 Houthi rebels and civilians were killed by Arab coalition air raids.
This week the heads of state of the five BRICS nations meet for the seventh annual summit to steer a forward course for almost 3 billion people, or 43% of
Russian President welcomes his Chinese counterpart to Ufa Summit.
The finance chiefs also discussed the key points incorporated in the Leaders Declaration that will be unveiled at the end of the 2-day summit in Russia.
