The BRICS grouping the five emerging economies — Brazil, Russia, India, China and South Africa — has entered its second decade

The ninth annual BRICS summit gets underway in Xiamen from 3 – 5 September under China’s chairmanship

The Chinese Foreign Ministry announced that Chinese President Xi Jinping is to chair BRICS Xiamen Summit in China

> Amidst growing world tensions, the upcoming BRICS summit in Xiamen, a southeastern Chinese city, will help its five member states build a needed stronger economic partnership, the group

The stamp bears logo of the summit as well as the letters “BRICS” and “2017 China”

BRICS – the five-nation grouping of emerging economies – has swayed from highs to lows over the past decade, but is now reclaiming its position as a powerful global voice with fast-growing markets