May 22, 2016

"The economist who coined the acronym BRIC to describe the four powerhouse emerging economies of Brazil, Russia, India and China has said that he thinks China will play a 'very important role' in promoting economic cooperation at the G20 Summit held in China in September.

Jim O'Neill, formerly chief economist with Goldman Sachs and now a minister in the British government as commercial secretary to the Treasury, told Xinhua in an exclusive interview that he expected China to nurture the growth of emerging economies when it hosts the G20 Summit, held for the first time in China in the city of Hangzhou in September."

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http://www.chinadaily.com.cn/china/2016-05/22/content_25406954.htm