Tag: BRICS’ Second Golden Decade

NOVANEWS Unseen in the West, the BRICS summit in Xianmen marks a new step in the development of this international institution. Zhao Minghao reports the three main objectives of the summit and the concept of "BRICS Plus". By Zhao Minghao Global Times The first BRICS foreign ministers’ meeting was convened in September 2006, which marked the foundation of the BRICS mechanism. In the 10 years since then, BRICS has become an important international economic bloc representing some of the world’s key emerging economies and developing countries. In that time, BRICS member states have increased their share in the global economy from 12 percent to 23 percent, their trade has grown from 11 percent to 16 percent, and investment has increased from 7 percent to 12 percent. Most importantly,...