"...the Brics are not a club of equals and their balance of power has changed radically over time. China’s GDP is now almost 60 per cent larger than the other four countries combined. In 2001, it was 10 per cent smaller. More importantly, and in a stark departure from its usual restraint, China has decided to play a more assertive role in the pursuit of its global financial agenda. Indeed, 2015 is likely to go down in the financial history books as the year when China awoke..."
Deseglise, co-Director of BRICLab traces the history of the brics, noting China's emergence as the strongest of the five and it's creation of financial institutions that will assist in economic development. Read the full post on beyondbrics.
