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In 2001, Goldman sachs first proposed the "bric" concept, encompassing four of the world's largest emerging markets. The BRIC countries cite the English initials of Brazil, Russia, India and China, known as the "BRIC" because of its resemblance to bricks in English. In June 2009, the leaders of the four countries met for the first time in Russia. The second bric summit was held in Brazil in April 2010. After the meeting, the leaders of the four countries issued a joint statement, expounded their views and positions on the world economic situation, and agreed on concrete measures to promote cooperation and coordination between the brics countries. At this point, the cooperation mechanism of brics countries has been formed.
At the G20 meeting in Seoul in November 2010, South Africa applied to join the brics. In December of 2010, China as a "bric countries" cooperation mechanism rotating presidency, and Russia, India and Brazil have agreed to absorb the South Africa as a formal member to join the "bric countries" cooperation mechanism, the "bric" will become "BRICS countries", was renamed "bric countries" (BRICS). The brics countries have 26 percent of the world's territory, 42 percent of the world's population, 20 percent of world GDP, 15 percent of world trade and about 50 percent of world economic growth. In 2017, the brics summit will be the ninth meeting. In addition to the participation of the leaders of brics countries, many developing countries will also be invited to participate in this meeting.
The brics meeting includes five of the world's largest emerging markets. The BRICS cited the English initials of Brazil, Russia, India, China and South Africa, as they are known as the "BRICS" because they resemble Brick in English.
2017 xiamen brics conference specific venue: international conference center and convention center of the main venue
The theme of the 2017 brics summit: "deepening brics partnership and opening up a brighter future"
The 2017 brics summit participating countries: China, India, Russia, Brazil, South Africa