Xi warns of globalisation backlash at BRICS summit

Benaulim, India

CHINESE President Xi Jinping said on Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy's still fragile recovery as BRICS leaders vowed to forge closer business and trade ties.

At a summit in the India tourist hub of Goa, host Prime Minister Narendra Modi and the leaders of China, Russia, Brazil and South Africa issued a joint declaration on a range of measures, including the setting-up of a new credit ratings agency and fighting tax evasion.