3rd BRICS summit

3rd BRICS Summit 金砖国家领导人第三次会晤
Logo of the 2011 BRICS summit
Host country	China
Date	14 April 2011
Venue(s)	Sheraton Sanya Resort
Cities	Sanya
Participants	BRICS
Follows	2nd BRIC summit
Precedes	4th BRICS summit

The 2011 BRICS summit (Chinese: 金砖国家领导人第三次会晤) took place in Sanya on the island of Hainan, China, on 14 April 2011. This was the third BRICS summit since 2009. The meeting took place between the five heads of state/heads of government from the BRICS states following bilateral meetings in the prior days.

Following a meeting in Brasilia in 2010, to which South Africa was invited as a guest, the group invited South Africa to join as a full member in 2011 and the group formerly called BRIC officially became BRICS.

The Chinese president chaired the BRICS Leaders Meeting in southern China's resort city of Sanya, and gave a speech under the theme of "Broad Vision, Shared Prosperity." The theme was based under the vision as 'The 21st century should be marked by peace, harmony, cooperation and scientific development.'

On 13 April, prior to the heads of state meeting, economic delegations met for discussions. China was lobbied by the other leaders to import not only commodities but also value added products and other commodities such as oil, soybeans and iron ore. Indian Trade Minister Anand Sharma said that China's Commerce Minister Chen Deming had assured the other leaders that his country would make it a priority to import more value-added products from the other four countries. Russia’s Deputy Economic Development Minister Oleg Fomichev also said that China pledged to set up high-technology projects in cooperation with Russia so as to "not just importing our resources and exporting industrial goods."

Brazil and India also pressed China to buy such goods as Brazilian aircraft and Indian pharmaceuticals; the two countries also complained about the artificially undervalued yuan that they claimed was undermining their exports. South Africa wanted to process iron ore and other raw materials within the country before exporting them to China. However, at the heads of government summit China's currency valuation was not on the agenda.