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China says it wants to expand BRICS bloc of emerging economies

Economy May 19, 2022 11:52AM ET
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© Reuters. FILE PHOTO: Chinese Foreign Minister Wang Yi holds a news briefing ahead of the 9th BRICS Summit, in Beijing, China August 30, 2017. China Daily via REUTERS

(Reuters) - China wants to expand the group of emerging economies known as BRICS, in the first shake up of the bloc in over a decade, a senior Chinese diplomat said on Thursday.

Brazil, Russia, India and China initially formed the bloc in 2009, with South Africa joining in 2010.

"China proposes to start the BRICS expansion process, explore the criteria and procedures for the expansion, and gradually form a consensus," Wang Yi, China's state councillor and foreign minister, told an online meeting of BRICS foreign ministers.

China says it wants to expand BRICS bloc of emerging economies
 

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Comments (2)
Honey Badger
Honey Badger May 19, 2022 10:57PM ET
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Bring back gold standard and get rid off fake money
Some John Doe
Some John Doe May 19, 2022 11:54AM ET
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Ouch ! loll
 
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