"BRICs" is a new word coined by economists of Goldman Sachs Investment Bank, which connects Brazil, Russian, Indian and China. "BRIC" is an acronym of English names of Brazil, Russia, India and China. Because the pronunciation of "BRIC" is similar to that of bricks, it is called "BRIC". The concept of BRIC was first put forward by Goldman Sachs Securities Company. On October 1st, 23, Goldman Sachs published a global economic report entitled "Dream with BRICs". Among these four countries, Brazil is known as the "world raw material base"; Russia is known as the "world gas station"; India is called the "world office"; China is called "the factory of the world".

BRIC countries account for 26% of the world's territory and 42% of the world's population. According to the statistics of the International Monetary Fund, from 26 to 28, the average economic growth rate of the four countries was 1.7%. With the rapid economic growth of the four countries, their international influence is increasing day by day. The term "BRIC" was first proposed by Jim O 'Neill, chief economist of Goldman Sachs Securities Company, in a book entitled "The World Needs Better Economic BRICs" published on November 2, 21. In October 23, In the global economic report entitled "Dreaming with BRICs: the path to 25", the company predicted that BRICs would dominate the world economy in 25, among which: Brazil will replace Italy's economic position in 225 and surpass France in 231; Russia will surpass Britain in 227 and Germany in 228; If nothing happens, China may surpass the United States in 241 and become the world's largest economic power, and India may surpass Japan in 232; The total GDP of BRICs may surpass that of the six western industrial countries (excluding Canada in G7) in 241. In this way, by 25, the world economic structure will be reshuffled, and the six new global economies will become China, the United States, India, Japan, Brazil and Russia.

This economic report by Goldman Sachs has made China, Indian, Russian and Brazilian countries, as representatives of emerging economies and leaders of developing countries, attract more attention in the world, thus the title of BRICs (translated as "BRIC") has become popular all over the world.

on December 1st, 25, Goldman Sachs released a new report, How Solid Are the BRICs? ) said that BRICs does seem to be making faster progress than other developing countries (big or small). Goldman Sachs adjusted its forecast accordingly: China will surpass the United States in 24 (slightly faster than the forecast in 23), while India will surpass Japan in 233 (slightly slower than the previous forecast because of the improved economic situation in Japan).

With the birth of the new concept of BRIC, former South Korean President Roh Moo-hyun (deceased) led hundreds of heavyweight politicians and businessmen to launch BRIC diplomacy. In 25, G7 Finance Ministers' Meeting invited representatives of BRIC countries to attend for the first time. Therefore, the global chessboard of multinational companies such as Toyota Motor Corporation of Japan has been redeployed. Judging from the current situation, the speed of economic development of BRIC countries is just the opposite of the alphabetical order of the word "BRICs", with China far ahead, followed by India and Russia, and Brazil relatively stable. From a broader perspective, the economic performance of at least the top three countries is enough to stand out from all G7 countries, and the annual "net growth part" of Russia and India can surpass the Netherlands today. According to statistics, Russia's foreign exchange reserves have reached 28 billion US dollars, which has surpassed the sum of EU member states.

From June 14th to 16th, 29, the first meeting of foreign ministers of BRIC countries was held in Yekaterinburg, Russia. During the meeting, the foreign ministers of the four countries held extensive discussions on the international economic and financial situation, energy security and environmental issues, disarmament and non-proliferation of nuclear weapons, international trade and reform of international organizations. After the meeting, the foreign ministers of the BRIC countries will sign a joint statement, indicating the unified position of the four countries on the urgent issues of world development and international security.