What does it take to become a BRICS country? Why is China one of them?

It is generally believed that the concept of BRIC was first put forward by Goldman Sachs. In June 2003, Goldman Sachs published a global economic report entitled "BRIC Dream". The report predicts that by 2050, the world economic structure will undergo a drastic reshuffle. The world's six new economies will become China, the United States, India, Japan, Brazil and Russia. The term BRIC was first put forward by Jim O 'Neill of Goldman Sachs in 200 1 year. The BRIC countries quoted the initials of Brazil, Russian, Indian and China. Because this word is similar to Brick in English, it is called "BRIC". The traditional BRIC countries refer to the English initials of Brazil, Russian, Indian and China. Because this word is similar to Brick in English, it is called "BRIC". After South Africa joins, its English word will become "BRICS" and be renamed "BRICS".