Move over, G7—there’s a new squad in town. 🌐 BRICS, the coalition of Brazil, Russia, India, China, and South Africa, just leveled up with Indonesia joining as its 11th member. This isn’t just a flex for the Global South; it’s a game-changer for how the world does business. 💥
With 3.3 billion people (over 40% of humanity!) and 37.3% of global GDP, BRICS now outpaces the G7 in economic muscle. 🏋️♂️ Think of it like TikTok overtaking Instagram: younger, faster, and rewriting the rules. 📈
Back in 2001, economist Jim O’Neill predicted these rising stars would shake up the global order. Fast-forward to 2024, and Chinese President Xi Jinping’s vision of 'greater BRICS' cooperation—focusing on green tech, security, and people-to-people ties—is turning that prediction into reality. 🌱🤝
As Chinese Premier Li Qiang heads to this year’s summit in Rio, the message is clear: BRICS isn’t just a club. It’s a blueprint for a world where the Global South takes the mic. 🎤✨
Reference(s):
cgtn.com