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Brics pivotal in sustained move towards global income equality

But that's provided emerging market growth does not decelerate faster than anticipated or income inequality within countries accelerates.

Economic growth has lifted a massive number of people out of poverty, with an estimated 600 million between 1981 and 2004 in China alone.

FOREIGN ministers of Brics (Brazil, Russia, India, China, and South Africa) meet on Sunday and Monday in Beijing, ahead of the group's 9th annual summit of presidents and prime ministers in September. The Beijing meeting will unveil China's agenda for this year's leaders event in Xiamen which...