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These efforts aim to strengthen consultation and coordination on major worldwide and regional issues and build synergy among BRICS countries, Xi said. He added: "People around the world want peace and cooperation, not conflict or confrontation".

He said that all the preparations are being made keeping in mind Prime Minister Modi's vegetarian taste.

In a Facebook post before the visit, Modi said: "I am looking forward to meeting President U Htin Kyaw as also Her Excellency Daw Aung San Suu Kyi, State Counsellor, Minister of Foreign Affairs, and Minister of President's Office". But by investing its prestige in BRICS as a collective medium through which China can shape the emerging world order, Beijing has also been forced to constrain its worst jingoistic and bullying characteristics.

Perhaps its biggest success was the 2016 establishment of the Shanghai-based New Development Bank, envisioned as the developing world's World Bank, but many economists doubt it will be influential.

Xi's speech is expected to resonate with the Xiamen Summit theme of "BRICS: Stronger Partnership for a Brighter Future".

Launched in 2015 as an alternative to the World Bank, the DNB aims to finance infrastructure and sustainable development projects both within the BRICS group of countries - Brazil, Russia, India, China and South Africa - and other emerging economies.

"We value the BRICS countries' consensus on this issue, which allows us to more consistently advocate the foundations of an open, equal and mutually beneficial multilateral trade system and to strengthen the role of the WTO as the key regulator in worldwide trade", wrote Putin. His statement comes days after China ruled out discussing Pakistan's record in cross-border terrorism at the three-day summit. The Chinese are opposed to any formulation that would indirectly slam the role of Pakistan in global terrorism. India, on its part, is keen on promoting digital economy, and is likely to back the existing working group on Information and Communication Technology (ICT), to comprehensively examine all aspects of cyber security.

"Apart from economic cooperation, there are other issues of interest, i.e. threat of terrorism".

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