Chinese President Xi Jinping made the announcement on October 16 during a small gathering prior to the main conference of the 8th summit in Goa, and expressed his intention to open a new chapter for BRICS in the following year, State-run Xinhua news agency reported. 

Xiamen, also historically known as Amoy, is a major resort city in Fujian province on the Taiwan Strait. The city is well known for its amiable climate, Hoklo influence and picturesque scenery. It was ranked as China's "most romantic leisure city" in 2011, State-run Global Times reported.