The original English version of BRIC is "BRIC", which is made up of initials of English names of Brazil, Russian, Indian and China. Because the pronunciation of "BRIC" is similar to that of bricks, it is called "BRIC".

The concept of BRIC was first put forward by Goldman Sachs Securities Company. On June 65438+1 October1day, 2003, Goldman Sachs published a global economic report entitled "Dream with BRIC countries". Goldman Sachs estimates that Brazil will replace Italy's economic status in 2025 and surpass France in 20031; Russia's economic situation will surpass that of Britain in 2027 and Germany in 2028. By 2050, the world economic structure will be substantially reshuffled, and the world's six new economies will become China, the United States, India, Japan, Brazil and Russia. By then, the existing six major industrial countries will only be the United States and Japan. Jim O 'Neill, the global chief economist of Goldman Sachs, put forward this imaginative vocabulary on February 20th, 200011,and it quickly became popular all over the world, becoming the biggest prediction of global economic trend in the 2nd1century. O 'Neill's classic report, which has been quoted by the global economic circles so far, predicted that before 2050, the GDP of BRIC countries (the United States, Japan, Germany, Britain, France, Italy and Canada) would surpass G7, and China would replace the United States as the world's first economic power in 2039.

With the birth of this brand-new concept, South Korean President Roh Moo-hyun led hundreds of heavyweight political and business people to launch "BRIC diplomacy"; In 2005, the G7 finance ministers' meeting invited representatives of BRIC countries to attend for the first time. Therefore, the global chessboard of multinational companies such as Toyota Motor Corporation of Japan has been redeployed. Judging from the current situation, the economic development speed of the BRIC countries is just the opposite of the alphabetical order of the word "BRIC". China is far ahead, followed by India and Russia, and Brazil is relatively tepid. From a broader perspective, the economic performance of at least the top three countries is enough to stand out among all G7 countries, and the annual "net growth" of Russia and India can exceed that of the Netherlands today. According to statistics, Russia's foreign exchange reserves have reached 280 billion US dollars, which has exceeded the sum of EU member states.