Because the word "BRIC" composed of the English initials of these four countries is very similar to the English word "brick" in pronunciation, it is called "BRIC". In September 2006, the BRIC countries held their first meeting of foreign ministers, and the four countries gradually cooperated. 20 10, 10 In February, after South Africa officially joined this organization, its English word became "BRICS" and "BRIC" was changed to "BRICS".

The reason why the BRICS countries came together was the general trend of the development of the international situation at that time, and the concept put forward by the so-called Goldman Sachs investment was not established. As we all know, the most advantageous organization in the world is composed of seven capitalist countries with the United States as the center. In this context, the spontaneous emergence of BRICS countries means that emerging market countries are about to step onto the world stage, and will also rise together with developing countries to gain a certain voice on the world stage.

Why is there only one piece of gold left in China?

"BRIC" developed well at first, but the economic differences were fatal after all, and many countries slowly went into recession in the long river of years; Brazil's trade deficit was very serious in 20 16. According to the evaluation of Brazil's central bank, Brazil's domestic economy has entered a stage of recession, and its performance is extremely poor.

At the same time, the situation in Russia is getting worse. Under the sanctions of the United States in various aspects, Russia's GDP has fallen seriously. As a result, India's development has collapsed and its development speed has slowed down. In South Africa, where the strength is slightly weak, the foreign exchange reserves of the whole country have almost disappeared. From this point of view, it is true that only China is still the BRIC countries, while the other four countries are indeed beginning to fade.