The joint statement also backed the Paris climate accord in a reaffirmation that comes after US President Donald Trump pulled out of the agreement, accusing India and China of trying to extract "billions and billions and billions" of dollars in foreign aid from developed countries in the name of climate change. "China opposes terror in all forms".
The meeting is a precursor to chain of meetings of BRICS officials, including the National Security Advisers (NSAs) meeting to be held later next month ahead of the summit.
"So China is actively taking part in global cooperation against terrorism and in our own way".
Xiao highlighted the fruitful results of the meeting, saying that BRICS finance ministers and central bank governors agreed to enhance macro-economic policy coordination, combat protectionism and deepen cooperation under the financial and monetary channels of the G20.
Without directly referring to the U.S., the BRICS foreign ministers also called upon the "developed countries" to "fulfil their commitment (made in Paris Accord) to provide necessary financing, technology transfer and capacity building support to developing countries".
New Delhi was expected to flag the issue of cross-border terrorism from Pakistan, and particularly the case of Pakistan-based terrorist Masood Azhar who has been accused of masterminding attacks in India, at the meet.
It featured some 300 athletes from five countries- Brazil, China, India, Russia and South Africa with 10 events in 3 sports - men's basketball, women's volleyball and Wushu.
Beijing has repeatedly blocked New Delhi's efforts to get the Jaish-e-Mohammed chief added to a United Nations list of proscribed terrorists, saying there isn't enough evidence against him.
The first edition of the BRICS Games is being held in a year when China holds the rotating chair of the group.
In Delhi meeting past year, they (NSAs) had reached significant understanding on matters of security and counterterrorism, Singh said.
After the meeting and the press interaction, all five ministers called on President Xi Jinping.
In Delhi meeting a year ago, they (NSAs) had reached significant understanding on matters of security and counter terrorism, Singh said.
China and India are both major countries with great influence, and that they should boost cooperation in the BRICS, the Shanghai Cooperation Organization (SCO) and all other multilateral frameworks to make contribution to peace and stability in the region and the world at large, Wang told his Indian counterpart.