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NEW DELHI Cheap Air Max 97 Womens Australia , Aug. 3 (Xinhua) -- BRICS nations have more opportunities for mutual growth and development compared to their challenges, an expert has said.

In a recent interview with Xinhua on the upcoming BRICS summit to be held in China, Varaprasad S. Dolla, a professor from Jawaharlal Nehru University, said the key objective of this summit is about "stronger partnership for a brighter future."

China, which took over the BRICS presidency this year, will host the Ninth BRICS Summit this September in Xiamen Cheap Air Max 97 Mens Australia , southeast China's Fujian Province.

"Looking at the opportunities and new challenges, I see that there are more opportunities for mutual growth and common development compared to the challenges that these countries face together," said the expert.

Commenting on some western media's skeptical attitude about the prospects of BRICS cooperation, the expert said, "No two countries are without differences."

"When you have five countries coming together, they are bound to have differences, definitely more differences. But differences can be seen as stumbling block provided the differences are addressed and then amicably a common agenda is sort Cheap Air Max 97 Blue Australia ," said Varaprasad.

Reviewing the accomplishments BRICS countries have achieved in the last decade, Varaprasad said, "Look at the trade where it's actually happening within the BRICS countries, it has been growing ever since they came together. Today BRICS trade is to the tune of about roughly 200 billion U.S. dollars among the BRICS countries."

Varaprasad said the future of innovation could be with the bloc.

"One suggestion ...... is that all BRICS countries state their innovation potential," said Varaprasad. "For instance, India and China gave the world a number of scientific innovations in the past."

"And if you take that into account, it is likely that these countries will actually lead the innovation-trajectory in the years to come Cheap Air Max 97 Gold Australia ," said the expert.

On the global economic governance, the expert said today developing countries, particularly BRICS, are able to contribute more to global growth.

"BRICS has now emerged as the major block. Therefore it is likely that they will have a lot more than they had before to contribute to economic governance," said Varaprasad.

The highlight of this year's BRICS summit is to establish a new platform for south-south cooperation by exploring the "BRICS Plus" model involving more countries under the BRICS fold.

"As I indicated, the global economic governance architecture, if it is to become truly representative and inclusive Cheap Air Max 97 Undefeated Australia , then initiatives like 'BRICS Plus' is imperative. Therefore inviting a number of countries from the south to the BRICS summit in Xiamen is to be welcomed," said Varaprasad.

When asked how BRICS countries can cooperate to promote the China-proposed Belt and Road Initiative, the expert called for more participation from companies.

"I think it is only when you allow the participation of the companies from these countries within the Belt and Road Initiative, they would also come forward because when they participate, they will bring their own competitive advantages and their own technical know-how and personnel."

Proposed by China in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of the Silk Road.

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NEW home sales fell last week in Shanghai amid lackluster supply but the average price rose above the 50,000 yuan (US$7 Cheap Air Max 97 Ultra Australia ,243) per square meter mark for the first time in five weeks.

The area of new homes sold, excluding government-funded affordable housing, shed 12.8 percent from the previous week to 165,000 square meters, Shanghai Centaline Property Consultants Co said in a report released yesterday.

The city’s outlying Qingpu District led with transactions of 33,000 square meters, a week-on-week rise of 22.2 percent. The Pudong New Area Cheap Air Max 97 Black White Australia , where sales surged 78.5 percent to 25,000 square meters, was close behind.

But the supply of new homes fell to around 81,000 square meters last week from 84,600 square meters in the previous week, Centaline data showed.

“New home supply stayed below 100,000 square meters for two straight weeks Cheap Air Max 97 Silver Australia , indicating slack momentum among real estate developers,” said Lu Wenxi, senior manager of research at Centaline.

“Weakness is expected to prevail in the market for some time with no signs for any policy relaxation.”

Meanwhile, the robust sentiment in the medium to high-end segments lifted the average price of a new home 7 percent to 50,217 yuan per square meter.

Apartments in half of the 10 best-selling projects cost 50,000 yuan per square meter and above. A project in Zhangjiang area in Pudong was the most popular after selling 102 units for an average of 63,324 yuan per square meter.

Palestinians celebrate after Palestinian rival movements Hamas and Fatah signed a reconciliation agreement following talks mediated by Egypt Cheap Air Max 97 Pink Australia , in Gaza City, on Oct. 12, 2017. Palestinian rival movements Fatah and Hamas on Thursday signed a reconciliation agreement in a meeting in Cairo to end their long-time rift. (XinhuaWissam Nassar)

CAIRO, Oct. 12 (Xinhua) -- Palestinian rival movements Fatah and Hamas on Thursday signed a reconciliation agreement in a meet.

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