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But a state statistics report from Rosstat showed that recovery may come later in 2017 than previously thought.
This has been the worst railway disaster in 17 years.
The BRICS Bank is also working to further develop a project pipeline in all member countries.
Many countries are now likely to eye a China-led Asia-Pacific trade initiative, such RCEP.
The Asia-Pacific region is grappling with fragmentation of regional economic cooperation, says Xi Jinping.
The UNSC extended OPCW's mandate to investigate the use of chemical weapons in Syria for another year.
Taking a dig at Obama's TPP, China's President said a "closed and exclusive" trade deal is counter-productive.
President-elect Donald Trump isn't attending the summit but his statements on free trade have riled many global leaders.
China has warned the Trump administration not to take climate change lightly.
