BRICS is an intergovernmental organization consisting of ten countries— Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates. It is considered to be a counterpart and alternative to the G7 bloc of the world's largest economies and combined represent nearly half [2] of the world's population.

Jan 29, 2025 · China’s announcement of a record US$1 trillion trade surplus for 2024 and its solid 5% economic growth have bolstered the narrative that its development model represents an alternative to the US-sponsored neoliberal policies that have dominated much of the world in the past four decades.

Jan 17, 2025 · China plays the leading role in trade and investment between BRICS members and exerts a strong influence on their economic growth. First, according to a report by the Taihe Institute, intra-BRICS trade increased by 56% between 2017 and 2022 (2022).

Aug 29, 2023 · The BRICS expansion is also likely to fuel competition – and potential friction – between China and India, whose ties have already been strained by a simmering border conflict.

Jan 29, 2025 · Brics has emerged as a significant international force since 2009 when it was established at a summit in Russia. What began as a five-member group encompassing Brazil, Russia, India, China and ...

Dec 19, 2024 · China’s strategic goal in supporting the expansion of BRICS is to create an influential “Chinese-led bloc” that could challenge Western dominance and promote a multipolar world order. It aims to position BRICS+ as a critical platform for advancing these objectives.

Jul 20, 2015 · The Chinese government is now going further, urging the rest of the BRICS to institutionalize their cooperation, not just pursue domestic reform. China contends that a stronger BRICS grouping would help to safeguard the interests of all developing countries.

Feb 1, 2024 · Brics countries include major world powers, such as China and Russia, and countries which are influential on their continent, such as South Africa and Brazil. The expanded group has a combined...

Feb 1, 2024 · Nearly three dozen countries are seeking entry into the China and Russia-backed BRICS economic group, member state South Africa said Wednesday, weeks after the body expanded its membership for...

Apr 12, 2024 · China’s sheer economic size — five times greater than India’s — and China’s increasing assertiveness in foreign policy explain China’s dominance of BRICS. BRICS countries have increasingly similar positions to China at the United Nations.