BRAZIL-BRICS-CELAC-ROUSSEFF-XI
China's President Xi Jinping (L) is welcomed by his Brazilian counterpart Dilma Rousseff at Planalto Palace on July 17, 2014 in Brasilia. China has already chosen a site for the future Shanghai headquarters of the BRICS development bank, state media said Thursday just two days after its creation. At a summit in Brazil, the BRICS group of emerging economic powers -- which also includes Russia, India, China and South Africa -- on Tuesday created the New Development Bank to finance infrastructure projects. AFP PHOTO/NELSON ALMEIDA (Photo credit should read NELSON ALMEIDA/AFP via Getty Images)

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July 17, 2014
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