What are BRICS countries and why are they called BRICS?

The BRIC acronym quotes Brazil, Russia, India and China. Later, due to the accession of South Africa, the abbreviation was changed to "BRICS". Goldman Sachs** BRIC countries will surpass the G7 in terms of total economic output by 2030.

The logo is a circle surrounded by strips in the representative color of the national flags of the five countries, symbolizing the cooperation and unity of the "BRICS".

In 2001, Jim O. O'Neill, chief economist at Goldman Sachs'Neill first proposed the concept of "BRIC countries", specifically referring to emerging market investment representatives. The term "BRIC" quotes the initials of Russia, China, Brazil and India. Because the word is similar to the English word for brick, it is called "BRIC".

From 2008 to 2009, relevant countries held a series of talks and established a summit mechanism, expanding into an international political entity. When South Africa joined in 2010, the English word was changed to "brics" and the name was changed to "BRICS". The symbol of the BRICS countries is a circle surrounded by strips in the representative colors of the national flags of the five countries, symbolizing the cooperation and unity of the "BRICS".

On January 1, 2015, Russia assumed the rotating chairmanship of the BRICS mechanism. Putin said that he would use his chairmanship to further enhance the influence of the BRICS countries in the world.

It is a word formed from the first letters of the English names of the four BRIC countries.

Because the first letter of the English names of the four BRIC countries refers to Brazil, Russia, India and China, and its pronunciation is similar to the English word "brick".

BRICS, founded on June 16, 2009, quotes the English initials of Brazil, Russia, India, China and South Africa. Since the word is similar to the English word for brick, it is called "BRICS". The symbol of the BRICS countries is a circle surrounded by strips in the representative colors of the national flags of the five countries, symbolizing the cooperation and unity of the "BRICS".

BRICS because it quotes the initials of Brazil, Russia, India, China and South Africa. Since the word is similar to the English word brick, it is called "BRICS".

In 2001, Jim O'Neill, chief economist of Goldman Sachs in the United States, first proposed the concept of "BRIC countries", specifically referring to the world's emerging markets. In 2006, the foreign ministers of Brazil, Russia, India and China met for the first time on the sidelines of the United Nations General Assembly, marking the beginning of BRICS cooperation.

In June 2009, the leaders of the BRICS countries held their first meeting in Yekaterinburg, Russia, to promote BRICS cooperation to the summit level. In 2011, South Africa unofficially joined the BRICS, and the BRICS countries were expanded to five countries, and the English name was set to the year-to-date, and the leaders of the BRICS countries have held a total of 14 meetings and 9 informal meetings.

Background of the establishment

In 2001, Goldman Sachs first proposed the concept of BRICS, using the initials of the English names of four emerging market countries: Brazil, Russia, India and China. Because the spelling and pronunciation of "bric" is similar to the English word "brick", China** and scholars have translated it as BRICS.

In October 2003, Goldman Sachs published a report entitled "Dreaming of the Global Economy with BRICS". The report estimates that by 2050, the world economic landscape will undergo a drastic reshuffle, and the world's six new economies will become China, the United States, India, Japan, Brazil, and Russia. The term "BRICS" was first coined by Jim O'Neill of Goldman Sachs in 2001.

The above content refers to Encyclopedia-BRICS.

What does BRICS mean and which BRICS countries are.

In 2001, Jim O'Neill, chief economist of Goldman Sachs in the United States, first proposed the concept of "BRIC countries", specifically referring to emerging market investment representatives. "BRIC" refers to the initials of Russia, China, Brazil and India, and is called "BRIC countries" because of its resemblance to the English word brick. From 2008 to 2009, relevant countries held a series of talks and established a summit mechanism, expanding into an international political entity.

When South Africa joined in 2010, it was renamed "BRICS" and renamed "BRICS".

BRICS. It is the responsibility of promoting the international economy, politics and making the security order more just, reasonable and democratic; It does not create a divide between cultures and peoples, but rather has as an obligation to build a closed clan and to strengthen mutual understanding and cooperation among peoples, cultures and regions. The BRICS organization does not use any country or group of countries as a competitor, let alone engage in "camp" confrontation.

1. Background of the establishment.

In 2001, Goldman Sachs first proposed the concept of BRICS, using four emerging markets: Brazil, Russia, India and China.

The initials of the English name of the country form an abbreviation. Because the spelling and pronunciation of "bric" is similar to the English word "brick", China** and scholars have translated it as BRICS.

Second, the purpose of the establishment.

Guided by the principles of openness, transparency, solidarity and mutual assistance, deepening cooperation and seeking common development, and the BRICS spirit of "openness, inclusiveness, cooperation and win-win", BRICS countries are committed to building a closer, more comprehensive and stronger partnership.

Representative emerging market economic countries, several developing countries with good development momentum, the first letter of the country name, composed of English bricks, brics. Brazil, Russia, India, China, South Africa, so it is called BRICS.

Today, the only countries with good GDP development are China and India.