FIRST AIRED: July 9, 2015

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00:00:00
nnnnn some of them didn't even know where it was but they came anyway to remote who far to be greeted by host vladimir putin , but if you do it i'm glad to greet you all my colleagues and friends at the brick summits we will discuss today the whole range of issues with regards to a corporation within our group , cooperation top of the official agenda even if the real buzz talk in this town twelve hundred kilometers southeast of moscow , china , a massive stock market plunge said doing little to cool pretense fervor the courting beijing , he and his counterpart g. shinn ping held their own meeting energy and finance ministers present , putin played down the risks of beijing's current problems , more than thirty percent has been knocked off the value of chinese stocks since mid june traders talking of panic by retail investors who account for around eighty five percent of business , seen that over the last couple of years the government spent a lot and infrastructure arm but which was a growth , story which was not sustainable justice look at all the species that were built where no one is living in right now so to do the thing is that i think we should be prepared for for a longer period alpha of weaker than expected growth in in china injure aside the bricks growth story has lost some of its shine russia wants to buff it up again it has its own reasons namely a sanctions deadlock with the west over its behavior in ukraine , putin hopes launching a new development bank at the summit with an initial capital of fifty billion dollars will show moscow is not isolated