The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Wednesday, June 14, 2017
New Era of Global Trade and BRICS Cooperation
According to IMF estimates in 2017 the world GDPis expected to grow by 3.5%, while China’s and USA – two biggest world economies – GDP growth rates are estimated to be 6.7% and 1.6% respectively. On average, in the next 5 years the world GDP will grow by 3.8% annually.In 20 years the world GDP is expected to double, and by 2050 it may increase almost threefold
China's small home appliances exports to Russia via Dongning, Northeast China's Heilongjiang Province, jumped 258 percent year-on-year to 511 million yuan (74 million) during the first four months of the year