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Military ties between the two nations have been progressing quickly, according to the Russian leader.
China's ruling Communist Party leaders have promised significant reforms during an upcoming meet.
A military hotline would be a direct communication link between the armies of the two neighbours.
A report said BRICS will collectively play a more central role in the post crisis global economy.
China invested $180 billion in building affordable homes last year.
The Forbes most powerful list was first published in 2009 and is based on influence and financial resources.
The official document offers general policies regulating the sector, but is yet to spell out specific details.
Beijing called on all relevant countries to use their influence to ensure participation of all sides.
Russian financiers have been eyeing the possibility of investing in Greece's railway transportation system.
Food security is a major area of alignment for the five nations that constitute BRICS.
