The term BRIC was first put forward by Jim O 'Neill of Goldman Sachs in 200 1 year. In June, 2003, at 5438+00, Goldman Sachs published a global economic report entitled "Dream with BRIC countries". 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. BRICs refer to the initials of Brazil, Russian, Indian and China. Because this word is very similar to BRIC in English, it is called BRIC.
In June 2009, the first meeting of BRICS leaders was held in Russia, and the "Joint Statement on the Meeting of BRICS Leaders in Yekaterinburg, Russia" was issued.
20 10 12 China, as the rotating chairman of the BRICS cooperation mechanism, agreed with Russia, India and Brazil to accept South Africa as a full member of the BRICS cooperation mechanism, and the BRICS countries will soon become BRICS countries and be renamed BRICS countries.