ibnlive » India

Mar 29, 2012 at 05:32pm IST

China to discuss border dispute with India

New Delhi: On the first day of the BRICS Summit, China regretted that Tibetans have created trouble for India and also confirmed that the border dispute will be discussed by the Chinese President Hu Jintao with India's Prime Minister Manmohan Singh. China was also appreciative of the effective concrete measures taken by the Indian government to avoid disturbances.

Meanwhile, China also preached spirituality to the Dalai Lama. "Dalai Lama is pushing extremist views and glorifying radical behaviour. This is not consistent with Buddhism, this is politics," China said.

At the summit, leaders of the BRICS group of emerging market nations pressed Western powers to cede more voting rights at the IMF this year and flayed the rich world's reflationary monetary policies for putting global economic stability in jeopardy.

The Prime Minister chaired the fourth BRICS Summit in Delhi on Thursday.

The bloc of five emerging economies have agreed to set up a development bank and called for a political dialogue to resolve the conflicts in Iran and Syria. They also called upon the international community to stay the course in Afghanistan.

Chinese President also urged all the five countries to deepen political trust within the bloc.

Concerned over uncertain global environment, the BRICS nations signed two agreements to facilitate trade in local currencies and decided to examine the possibility of setting up a Development Bank on the lines of the World Bank to promote funding activities.

The BRICS (Brazil, Russia, India, China and South Africa) represent over 40 per cent of the world's population and the leaders of the five countries discussed ways to enhance intra-BRICS trade and review the global situation.

The agreements signed at the BRICS summit by officials of the five countries are aimed at enhancing trade among the member countries in the coming years.