South Africa Joins BRIC as Full Member
On December 24, 2010, Xinhua reported Chinese Foreign Minister Yang Jiechi's announcement that BRIC has accepted South Africa as a full member of the group, which currently includes Brazil, Russia, India and China. Yang said that China, as the current…
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rotating chair of BRIC, believes South Africa's accession will promote the development of BRIC and enhance the cooperation of emerging market economies. (BRIC is a group of emerging market economies which are expected to grow faster than the G7 economies.)