Beijing: It is unwise to demonise BRICS grouping since these countries are pushing forward structural reforms to promote growth in the face of economic turbulence, China said Wednesday.
A commentary in Xinhua news agency said it is "unwise to demonise" the Brazil, Russia, India, China and South Africa (BRICS) group.
It said that since the onset of the financial crisis in 2008, "major economies, which may differ in ideology, have carried out bailout programs and coordinated macropolicies".
The global economic downturn has showed that "only by rallying together can countries overcome the difficult times. The world has a better future if the West abandons zero-sum thinking and pursues a win-win path with emerging economies".
"In face of economic turbulence, the BRICS countries are pushing forward structural reforms to promote growth and reduce dependence on external markets."
The commentary observed that the prospects of the BRICS countries has been criticised by some Western media, which gave a bleak picture of the grouping and even predicted its disintegration. "The negative opinion reflects the West`s zero-sum thinking."
It went on to say that over the past six months, commodity prices have nosedived, the US Federal Reserve withdrew from quantitative easing, external demand remained sluggish. "These factors have brought negtive impact on some BRICS countries."
