Chinese President Xi Jinping on Thursday called on the BRICS Business Council and the New Development Bank to make greater contributions to the economic and social development of the BRICS countries as well as the emerging-market economies and developing countries in general.

Xi made the remarks during the BRICS leaders' dialogue with the two institutions at the 11th BRICS summit held in Brasilia, capital of Brazil.

Xi said the emerging new industrial revolution has brought not just opportunities, but also challenges like deficits, imbalances and a rise of protectionism.

He hoped the BRICS Business Council and New Development Bank can play a bigger role in boosting trade and financial cooperation to create a better synergy on growth.

Xi said the New Development Bank can provide more knowledge and financing services to develop digital and green technologies.

He added that BRICS leaders are looking forward to more policy suggestions from the two institutions, so that they can better improve the environment for business and investment.