As the newcomer to BRICS, South Africa will bring special insights to the work of the five nation grouping.
Chinese Foreign Minister Yang Jiechi on Wednesday called on BRICS countries to seize opportunities to increase the level of cooperation among them.
The planned BRICS development bank is to focus on financing infrastructure development projects, and providing auxiliary support for project preparation.
China is expected to hold center stage at the summit of BRICS (Brazil, Russia, India, China & South Africa) nations in Durban from March 25 to 27, considering its key role in propping up global and African trade.