Issues of mutual concern such as worldwide conflicts, the fight against terrorism, and reform of the global system of governance, notably the democratisation of the United Nations and the Bretton Woods Institutions will also be discussed.
The southeastern Chinese city of Xiamen is all set to host leaders of the five BRICS countries: Russian President Vladimir Putin, Brazilian President Michel Temer, South African President Jacob Zuma and Indian Prime Minister Narendra Modi.
He further said that he would also meet leaders bilaterally on the sidelines of the summit.
It may be a coincidence, but on similar two occasions, Prime Minister Modi had left on foreign trips after effecting changes in his council of ministers.
According to Egypt's Presidency, el-Sisi will hold meetings with senior Vietnamese officials to discuss bilateral relations and ways to bolster them in various fields.More news: Firefighters battle flames near major Los Angeles freeway
The Summit will focus on the state of the global economic recovery, intra-BRICS trade and a greater role for emerging economies in the worldwide financial architecture. When questioned what if Modi raises India's concerns over terrorism emanating from Pakistan, Hu said: "This is the time of recovery".
India had hosted the previous BRICS Summit in Goa a year ago.
She added, "China is willing to work with Pakistan and other countries to enhance our cooperation in counterterrorism".
Saran said, "We also regard BRICS as an important economic platform and a very strong voice for developing countries to come together to push for issues of interest to us, including in terms of the concept of global architecture".
China prefers bilateral instruments to tackle territorial rows and contests because it enjoys a huge conventional military superiority over any single rival, be it India, Vietnam, the Philippines or Japan.
He said Chinese President Xi Jinping would deliver a key note speech to be focused on progress made by member countries -- Brazil, Russia, India, China and South Africa - in the last decade. This is the first State visit of PM Modi.