Li Daokui (2nd R), director of Center for China in the World Economy with Tshinghua University, and other honoured guests launched the BRICS Economic Think Tank Thursday in Beijing. [Photo: China.org.cn]
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The New Development Bank (NDB) of the BRICS countries is an important supplement and improvement to the current global financial system, and the World Bank in particular. The NDB is definitely not a substitute for the World Bank.
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