Why BRICS

The traditional term BRIC (BRIC) references the initials of Brazil, Russia, India and China. It is called BRIC because of its similarity to the English word for brick. When South Africa joins the group, it will become BRICS and be renamed BRICS. On April 14, 2011, the third meeting of BRICS leaders will be held in Sanya, China, where the leaders of the five countries will discuss how to coordinate their responses to major international issues and how to deepen and expand their cooperation with each other. On April 14, 2011, the leaders of the five countries will hold their third meeting in Sanya, China, to discuss how to coordinate their responses to major international issues, how to deepen and broaden their cooperation with each other, and how to strengthen the BRICS cooperation mechanism.

It is generally believed that the first to put forward the concept of "BRICs" is the U.S. Goldman Sachs, in October 2003 Goldman Sachs published a report titled "Dreaming with the BRICs Global Economic Report". The report estimated that by 2050, the world's economic landscape will undergo a drastic reshuffle; the world's new top six economies will become China, the United States, India, Japan, Brazil and Russia. The term "BRIC" was first coined by Jim O'Neill of Goldman Sachs in 2001. "BRIC" (BRIC) references the initials of the leaders of the four countries

Brazil, Russia, India and China. The term is known as BRIC because of its similarity to the English word brick. [1] The traditional BRIC (BRIC) references the initials of Brazil, Russia, India and China. The term is known as BRIC because of its similarity to the English word brick. South Africa (South Africa) to join, its English word will become "BRICS", and renamed "BRICS".