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Mutual trade ties, reform of the international currency system and fluctuations in commodity prices have topped the talks of the BRICS group as the leaders of Brazil, Russia, India, China and South Africa gathered in the Chinese resort of Sanya.

­The world's emerging economic giants said they have reached common ground in their push for reforming international monetary institutions on Thursday, as the BRICS group – from this year including its new member South Africa – met for the third time since it was formed in 2009.