Xi meets with S African President Zuma ahead of BRICS summit
Chinese President Xi Jinping is meeting with his South African counterpart Jacob Zuma ahead of the BRICS summit in Durban. Joining Brazil, Russia and India, the five nations are seeking to establish a development bank.
Xi received a formal welcome complete with a 21-gun honor guard salute Tuesday in the South African capital, Pretoria. Zuma and Xi are expected to sign several agreements before traveling to Durban later in the day. BRICS summit to kick off Finance ministers at the BRICS summit, which will begin its fifth edition with a dinner banquet hosted by Zuma, are expected to present a feasibility study on the establishment of a new development bank to challenge the World Bank's decades-long dominance. Many in the developing world consider the World Bank, as well as the International Monetary Fund, to be western-dominated. Each of the five nations could be expected to contribute as much as $10 billion to capitalize the bank. Some have suggested that South Africa, the smallest country in the group, could host the bank in Pretoria in lieu of providing a large cash injection. Zuma has said the summit is also an opportunity to address South Africa's economic problems. "BRICS provides an opportunity for South Africa to promote its competitiveness," he said. "It is an opportunity to move further in our drive to promote economic growth and confront the challenge of poverty, inequality and unemployment that afflicts our country." Presidents Dilma Rouseff of Brazil, Vladimir Putin of Russia, Prime Minister Manmohan Singh of India, as well as Xi and Zuma, will be in attendance for the presentation from economics ministers on Wednesday. Brazil, Russia, India, China and South Africa account for 25 percent of global GDP and 40 percent of the world's population, economic data show. African investment The Chinese president arrived in South Africa from Tanzania, where he signed agreements to boost Beijing's trade, economic and cultural ties with the country. It is Xi's first since taking office. During a speech in Dar es Salaam Tuesday, Xi vowed to continue a $20 billion (15.5 billion euro) credit line to African nations over the next two years. China has become one of the world's leading investors in Africa. Trade last year between China and South Africa totaled $60 billion, accounting for almost one third of China's trade in Africa. Trade with the continent reached around $200 billion last year, up from just $1 billion in 2000. After the BRICS summit, Xi will travel to the Republic of Congo. dr/hc (AFP, dpa, PTI)
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
S African
President
Zuma
Zuma_(video_game) Zuma_(album) Jacob_Zuma Zuma_(satellite) Sibusiso_Zuma Zuma_(comics) Zuma_(restaurant) Zuma_(genus) Yamaha_Zuma Zuma,_Sudan Zuma_Press Zuma_Beach Zuma_Township,_Rock_Island_County,_Illinois
BRICS summit
9th_BRICS_summit 6th_BRICS_summit 3rd_BRICS_summit 8th_BRICS_summit
Chinese
President
Xi Jinping
Xi_Jinping
South African
counterpart
Jacob Zuma
Jacob_Zuma
BRICS summit
9th_BRICS_summit 6th_BRICS_summit 3rd_BRICS_summit 8th_BRICS_summit
Durban
Durban Kingsmead_Cricket_Ground Kings_Park_Stadium Moses_Mabhida_Stadium Port_of_Durban Roman_Catholic_Archdiocese_of_Durban 2000_Durban_Sevens Alan_Durban EThekwini_Metropolitan_Municipality Durban,_Manitoba Timeline_of_Durban Durban_International_Film_Festival Durban,_Gers King_Shaka_International_Airport HMS_Durban_(D99) Durban_railway_station
Brazil
Brazil Brazil_national_football_team Brazil_(1985_film) Brazil_women's_national_football_team Brazilian_Football_Confederation Brazil_national_beach_soccer_team A1_Team_Brazil Colonial_Brazil Brazil_national_under-20_football_team Same-sex_marriage_in_Brazil Brazil_national_basketball_team List_of_non-marine_molluscs_of_Brazil Brazil_national_under-23_football_team Empire_of_Brazil Brazil_men's_national_volleyball_team Brazil_national_under-17_football_team
Russia
Russia Russian_Empire Russia_national_football_team Russia_men's_national_ice_hockey_team Russia_men's_national_junior_ice_hockey_team Tsardom_of_Russia Russia_national_rugby_union_team Russian_Soviet_Federative_Socialist_Republic Russian_Football_Union Russia_women's_national_football_team Russia_national_basketball_team Russia_national_rugby_league_team Russia_Fed_Cup_team Russia_national_cerebral_palsy_football_team Russia_national_handball_team Russia_Davis_Cup_team
India
India India_national_cricket_team British_Raj India_national_football_team Presidencies_and_provinces_of_British_India India_women's_national_cricket_team Indian_poetry A1_Team_India Indian_subcontinent History_of_India India_men's_national_field_hockey_team Dominion_of_India Elections_in_India Cinema_of_India La_India India_Davis_Cup_team
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
Tuesday
South African
capital
Pretoria
Pretoria Loftus_Versfeld_Stadium Anglican_Diocese_of_Pretoria Roman_Catholic_Archdiocese_of_Pretoria LC_de_Villiers_Oval City_of_Tshwane_Metropolitan_Municipality Timeline_of_Pretoria Pretoria_railway_station Pretoria_(ship) University_of_Pretoria Pretoria,_Georgia TS_Pretoria Tuks_Stadium Apostolic_Vicariate_of_Pretoria Pretoria_National_Botanical_Garden South_African_Mint
Zuma
Zuma_(video_game) Zuma_(album) Jacob_Zuma Zuma_(satellite) Sibusiso_Zuma Zuma_(comics) Zuma_(restaurant) Zuma_(genus) Yamaha_Zuma Zuma,_Sudan Zuma_Press Zuma_Beach Zuma_Township,_Rock_Island_County,_Illinois
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
Durban
Durban Kingsmead_Cricket_Ground Kings_Park_Stadium Moses_Mabhida_Stadium Port_of_Durban Roman_Catholic_Archdiocese_of_Durban 2000_Durban_Sevens Alan_Durban EThekwini_Metropolitan_Municipality Durban,_Manitoba Timeline_of_Durban Durban_International_Film_Festival Durban,_Gers King_Shaka_International_Airport HMS_Durban_(D99) Durban_railway_station
BRICS summit
9th_BRICS_summit 6th_BRICS_summit 3rd_BRICS_summit 8th_BRICS_summit
BRICS summit
9th_BRICS_summit 6th_BRICS_summit 3rd_BRICS_summit 8th_BRICS_summit
Zuma
Zuma_(video_game) Zuma_(album) Jacob_Zuma Zuma_(satellite) Sibusiso_Zuma Zuma_(comics) Zuma_(restaurant) Zuma_(genus) Yamaha_Zuma Zuma,_Sudan Zuma_Press Zuma_Beach Zuma_Township,_Rock_Island_County,_Illinois
World Bank
World_Bank World_Bank_Group International_Bank_for_Reconstruction_and_Development Office_of_the_World_Bank,_London Bank_for_International_Settlements
World Bank
World_Bank World_Bank_Group International_Bank_for_Reconstruction_and_Development Office_of_the_World_Bank,_London Bank_for_International_Settlements
International Monetary Fund
International_Monetary_Fund
$10 billion
South Africa
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Pretoria
Pretoria Loftus_Versfeld_Stadium Anglican_Diocese_of_Pretoria Roman_Catholic_Archdiocese_of_Pretoria LC_de_Villiers_Oval City_of_Tshwane_Metropolitan_Municipality Timeline_of_Pretoria Pretoria_railway_station Pretoria_(ship) University_of_Pretoria Pretoria,_Georgia TS_Pretoria Tuks_Stadium Apostolic_Vicariate_of_Pretoria Pretoria_National_Botanical_Garden South_African_Mint
Zuma
Zuma_(video_game) Zuma_(album) Jacob_Zuma Zuma_(satellite) Sibusiso_Zuma Zuma_(comics) Zuma_(restaurant) Zuma_(genus) Yamaha_Zuma Zuma,_Sudan Zuma_Press Zuma_Beach Zuma_Township,_Rock_Island_County,_Illinois
South Africa
South_Africa South_Africa_national_cricket_team South_Africa_national_rugby_union_team South_Africa_national_football_team Union_of_South_Africa South_African_Rugby_Union A1_Team_South_Africa South_Africa_women's_national_cricket_team Same-sex_marriage_in_South_Africa South_Africa_national_rugby_league_team South_Africa_women's_national_football_team South_African_Football_Association South_Africa_national_rugby_sevens_team South_African_wine South_Africa_Fed_Cup_team South_Africa_national_baseball_team
BRICS
BRICS BRIC BRICS_Cable 6th_BRICS_summit
South Africa
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Presidents
Dilma Rouseff
Dilma_Rousseff
Brazil
Brazil Brazil_national_football_team Brazil_(1985_film) Brazil_women's_national_football_team Brazilian_Football_Confederation Brazil_national_beach_soccer_team A1_Team_Brazil Colonial_Brazil Brazil_national_under-20_football_team Same-sex_marriage_in_Brazil Brazil_national_basketball_team List_of_non-marine_molluscs_of_Brazil Brazil_national_under-23_football_team Empire_of_Brazil Brazil_men's_national_volleyball_team Brazil_national_under-17_football_team
Vladimir Putin
Vladimir_Putin
Russia
Russia Russian_Empire Russia_national_football_team Russia_men's_national_ice_hockey_team Russia_men's_national_junior_ice_hockey_team Tsardom_of_Russia Russia_national_rugby_union_team Russian_Soviet_Federative_Socialist_Republic Russian_Football_Union Russia_women's_national_football_team Russia_national_basketball_team Russia_national_rugby_league_team Russia_Fed_Cup_team Russia_national_cerebral_palsy_football_team Russia_national_handball_team Russia_Davis_Cup_team
Prime Minister
Manmohan Singh
Manmohan_Singh Manmohan_Singh_(film_director)
India
India India_national_cricket_team British_Raj India_national_football_team Presidencies_and_provinces_of_British_India India_women's_national_cricket_team Indian_poetry A1_Team_India Indian_subcontinent History_of_India India_men's_national_field_hockey_team Dominion_of_India Elections_in_India Cinema_of_India La_India India_Davis_Cup_team
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
Zuma
Zuma_(video_game) Zuma_(album) Jacob_Zuma Zuma_(satellite) Sibusiso_Zuma Zuma_(comics) Zuma_(restaurant) Zuma_(genus) Yamaha_Zuma Zuma,_Sudan Zuma_Press Zuma_Beach Zuma_Township,_Rock_Island_County,_Illinois
Wednesday
Brazil
Brazil Brazil_national_football_team Brazil_(1985_film) Brazil_women's_national_football_team Brazilian_Football_Confederation Brazil_national_beach_soccer_team A1_Team_Brazil Colonial_Brazil Brazil_national_under-20_football_team Same-sex_marriage_in_Brazil Brazil_national_basketball_team List_of_non-marine_molluscs_of_Brazil Brazil_national_under-23_football_team Empire_of_Brazil Brazil_men's_national_volleyball_team Brazil_national_under-17_football_team
Russia
Russia Russian_Empire Russia_national_football_team Russia_men's_national_ice_hockey_team Russia_men's_national_junior_ice_hockey_team Tsardom_of_Russia Russia_national_rugby_union_team Russian_Soviet_Federative_Socialist_Republic Russian_Football_Union Russia_women's_national_football_team Russia_national_basketball_team Russia_national_rugby_league_team Russia_Fed_Cup_team Russia_national_cerebral_palsy_football_team Russia_national_handball_team Russia_Davis_Cup_team
India
India India_national_cricket_team British_Raj India_national_football_team Presidencies_and_provinces_of_British_India India_women's_national_cricket_team Indian_poetry A1_Team_India Indian_subcontinent History_of_India India_men's_national_field_hockey_team Dominion_of_India Elections_in_India Cinema_of_India La_India India_Davis_Cup_team
China
China China_national_football_team Republic_of_China_(1912–1949) China_women's_national_football_team Qing_dynasty Chinese_Basketball_Association A1_Team_China Cinema_of_China China_men's_national_basketball_team History_of_China China_national_badminton_team Recognition_of_same-sex_unions_in_China Taiwan Chinese_Football_Association Porcelain China_national_baseball_team
South Africa
South_Africa South_Africa_national_cricket_team South_Africa_national_rugby_union_team South_Africa_national_football_team Union_of_South_Africa South_African_Rugby_Union A1_Team_South_Africa South_Africa_women's_national_cricket_team Same-sex_marriage_in_South_Africa South_Africa_national_rugby_league_team South_Africa_women's_national_football_team South_African_Football_Association South_Africa_national_rugby_sevens_team South_African_wine South_Africa_Fed_Cup_team South_Africa_national_baseball_team
African
Chinese
South Africa
South_Africa South_Africa_national_cricket_team South_Africa_national_rugby_union_team South_Africa_national_football_team Union_of_South_Africa South_African_Rugby_Union A1_Team_South_Africa South_Africa_women's_national_cricket_team Same-sex_marriage_in_South_Africa South_Africa_national_rugby_league_team South_Africa_women's_national_football_team South_African_Football_Association South_Africa_national_rugby_sevens_team South_African_wine South_Africa_Fed_Cup_team South_Africa_national_baseball_team
Tanzania
Tanzania Tanzania_national_football_team List_of_non-marine_molluscs_of_Tanzania Tanzania_national_cricket_team Tanzania_Football_Federation Tanzania_women's_national_football_team Tanzania_People's_Defence_Force Rail_transport_in_Tanzania Rugby_union_in_Tanzania Tanzania_national_under-19_cricket_team Miss_Tanzania Miss_Universe_Tanzania Tanzania_national_rugby_union_team LGBT_rights_in_Tanzania Transport_in_Tanzania Tanzania_Air_Force_Command
Beijing
Beijing China_Open_(tennis) 2008_Summer_Olympics Beijing_National_Stadium Beijing_women's_volleyball_team Beijing_Subway Government_of_China Beijing_Capital_International_Airport Beijing_Sinobo_Guoan_F.C. Beijing_railway_station Beijing_Ducks Beijing_Lions Roman_Catholic_Archdiocese_of_Beijing 2013_China_Open_(tennis) 2014_China_Open_(tennis) Beijing_dialect
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
Dar es Salaam
Dar_es_Salaam Julius_Nyerere_International_Airport Roman_Catholic_Archdiocese_of_Dar-es-Salaam Port_of_Dar_es_Salaam Tanzania Apostolic_Vicariate_of_Dar-es-Salaam Dar_es_Salaam_Stock_Exchange Timeline_of_Dar_es_Salaam National_Stadium_(Tanzania) Anglican_Church_of_Tanzania List_of_Australian_High_Commissioners_to_Kenya Embassy_of_the_United_States,_Dar_es_Salaam
Tuesday
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
$20 billion
15.5 billion euro
African
China
China China_national_football_team Republic_of_China_(1912–1949) China_women's_national_football_team Qing_dynasty Chinese_Basketball_Association A1_Team_China Cinema_of_China China_men's_national_basketball_team History_of_China China_national_badminton_team Recognition_of_same-sex_unions_in_China Taiwan Chinese_Football_Association Porcelain China_national_baseball_team
Africa
Africa Africa_(Roman_province) Africa_(Toto_song) Poverty_in_Africa Confederation_of_African_Football Confederation_of_African_Athletics African_Cricket_Association Africa_(TV_series) United_Nations_geoscheme_for_Africa Africa_(Petrarch) Africa_(Karl_Wolf_song) Praetorian_prefecture_of_Africa Languages_of_Africa Squash_Federation_of_Africa Music_of_Africa Exarchate_of_Africa
China
China China_national_football_team Republic_of_China_(1912–1949) China_women's_national_football_team Qing_dynasty Chinese_Basketball_Association A1_Team_China Cinema_of_China China_men's_national_basketball_team History_of_China China_national_badminton_team Recognition_of_same-sex_unions_in_China Taiwan Chinese_Football_Association Porcelain China_national_baseball_team
South Africa
South_Africa South_Africa_national_cricket_team South_Africa_national_rugby_union_team South_Africa_national_football_team Union_of_South_Africa South_African_Rugby_Union A1_Team_South_Africa South_Africa_women's_national_cricket_team Same-sex_marriage_in_South_Africa South_Africa_national_rugby_league_team South_Africa_women's_national_football_team South_African_Football_Association South_Africa_national_rugby_sevens_team South_African_wine South_Africa_Fed_Cup_team South_Africa_national_baseball_team
$60 billion
China
China China_national_football_team Republic_of_China_(1912–1949) China_women's_national_football_team Qing_dynasty Chinese_Basketball_Association A1_Team_China Cinema_of_China China_men's_national_basketball_team History_of_China China_national_badminton_team Recognition_of_same-sex_unions_in_China Taiwan Chinese_Football_Association Porcelain China_national_baseball_team
Africa
Africa Africa_(Roman_province) Africa_(Toto_song) Poverty_in_Africa Confederation_of_African_Football Confederation_of_African_Athletics African_Cricket_Association Africa_(TV_series) United_Nations_geoscheme_for_Africa Africa_(Petrarch) Africa_(Karl_Wolf_song) Praetorian_prefecture_of_Africa Languages_of_Africa Squash_Federation_of_Africa Music_of_Africa Exarchate_of_Africa
$200 billion
$1 billion
2000
BRICS summit
9th_BRICS_summit 6th_BRICS_summit 3rd_BRICS_summit 8th_BRICS_summit
Xi
2005_Island_Games Kumo_Xi Super_Bowl_XI Xi_(letter) Davao_Region 1990_Asian_Games 1999_South_Pacific_Games 1991_Pan_American_Games 1978_Commonwealth_Games XI_(Metal_Church_album) XI_Corps_(Union_Army) XI_International_Brigade 2015_African_Games 1991_Mediterranean_Games Xi_River 2002_Racquetball_World_Championships
Republic of Congo
Republic_of_the_Congo Democratic_Republic_of_the_Congo Republic_of_the_Congo_(Léopoldville) Elections_in_the_Republic_of_the_Congo Congo_national_football_team Islam_in_the_Republic_of_the_Congo Petroleum_industry_in_the_Republic_of_the_Congo Air_Force_of_the_Republic_of_Congo Congo–Ocean_Railway Congo_women's_national_football_team Brazzaville
dr/hc (AFP, dpa, PTI)
Xi Jinping
Xi_Jinping
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Jacob Zuma
Jacob_Zuma
gender::male iptc::11000000 slot::keyword topic::politics type::entity type::head_of_state type::person type::politician
BRICS
BRICS
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Durban
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S African
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President
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BRICS summit
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South African
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counterpart
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Brazil
Brazil
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Russia
Russia
topic::none type::entity type::gpe type::gpe0 type::location
India
India
topic::none type::entity type::gpe type::gpe0 type::location
Tuesday
topic::none type::time type::value
capital
topic::none type::role type::value
Pretoria
Pretoria
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World Bank
World_Bank
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International Monetary Fund
International_Monetary_Fund
iptc::11000000 topic::politics type::entity type::igo type::organization
$10 billion
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South Africa
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Presidents
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Dilma Rouseff
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Vladimir Putin
Vladimir_Putin
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Prime Minister
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Manmohan Singh
Manmohan_Singh
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Wednesday
topic::none type::time type::value
China
China
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African
topic::none type::loc-x type::other
Tanzania
Tanzania
topic::none type::entity type::gpe type::gpe0 type::location
Beijing
Beijing
topic::none type::entity type::gpe type::gpe2 type::location
Dar es Salaam
Dar_es_Salaam
topic::none type::entity type::gpe type::gpe2 type::location
$20 billion
topic::none type::money type::value
15.5 billion euro
topic::none type::money type::value
Africa
Africa
topic::none type::entity type::location type::regio
$60 billion
topic::none type::money type::value
$200 billion
topic::none type::money type::value
$1 billion
topic::none type::money type::value
2000
topic::none type::time type::value
Republic of Congo
Republic_of_the_Congo
topic::none type::entity type::gpe type::gpe0 type::location
dr/hc (AFP, dpa, PTI)
topic::none type::footer type::other