Xiamen,China 3rd-5th Sept 2017,The 9th BRICS,Summit BRICS:“Stronger Partnership for a Brighter Future” will be held in Xiamen, Fujian Province,Panel discussions on the development of cooperation in key sectors of the economy of the BRICS countries will be held in the framework of the forum.

What is BRICS?

1.BRICS is made up of China, Brazil, Russia, India and South Africa.The first BRIC Foreign Ministers’ Meeting was held in 2006 among China, Brazil, Russia and India on the margins of the general debate of the 61st session of the United Nations General Assembly, which drew the prelude forBRICcooperation. In 2009, the first BRIC Summit was held in Yekaterinburg, Russia. Since then, the Summit has become an annual event. To date, 8 Summits have been held.

In December 2010, China, as the Chair, invited South Africa to joinBRICand attend the Summit in Sanya, China. BRIC officially enlarged to include 5 countries and the acronym changed intoBRICS.

Sinceto 10 years of development,BRICShas grown into an important platform for cooperation among emerging markets and developing countries.BRICScountries come from Asia, Africa, Europe and America and are all members of the G20. Together, they account for 26.46% of world land area, 42.58% of world population, 13.24% of World Bank voting power and 14.91% of IMF quota shares. According to IMF’s estimates,BRICScountries generated 22.53% of the world GDP in 2015 and has contributed more than 50% of world economic growth during the last 10 years.