BRIC is an acronym grouping Brazil, Russia, India and China, and was coined by Goldman Sachs’ Jim O’Neill in 2001. South Africa has in recent years pushed for the acronym to be modified to BRICS, to include South Africa.


Discontent hits BRIC nations as economic growth slows

The era of abundant global liquidity is ending. Photo: Reuters

Stretched budgets and sluggish growth are putting emerging market governments on a collision course with rising pressures from recently empowered middle classes for more spending and better services.

Wednesday, 24 July, 2013, 4:43am

Investors dump BRIC assets as decade-long love affair ends

India's current-account deficit has fuelled the rupee's decline

Capital flight from the BRIC countries - Brazil, Russia, India and China - is sending their stocks, bonds and currencies down in tandem as the 10-year love affair with the largest emerging markets ends.

11 Jul 2013 - 3:17am

BRIC countries set for media boom

The PwC report predicts that about half of all mobile-internet users will come from BRIC countries by 2017. Photo: Reuters

Media and entertainment businesses in the biggest emerging markets will expand at more than three times the pace to be seen in developed countries in the next five years, according to a study by PricewaterhouseCoopers.

7 Jun 2013 - 3:46am

China and Brazil: tension building between BRIC duo

The Chinese government was slow over its pledge to give Chinese airlines incentives to buy Brazilian jets. Photo: Reuters

China and Brazil are two countries with steady growth, activist state sectors and hugely popular governments. They will be in the same corner of the world stage for decades. Both argue for a more multipolar and equitable world order - one that is less US-driven.

30 May 2013 - 4:33am

Why multilateralism is at a standstill

As a member of the G20, Brazil has been an important supporter of multilateralism, since free trade has been seen as beneficial. Photo: AP

After the Lunar New Year holiday, I visited Rio de Janeiro for a conference on the state of the global economy. I last visited Brazil in 1986, when the whole of Latin America was in the grip of a debt crisis. Today, Brazil is the "B" in the BRIC economies, with nominal gross domestic product of US$2.5 trillion, the seventh largest in the world. There is a quiet confidence in the air.

2 Mar 2013 - 3:30am

CLSA nails custard to the wall for tongue-in-cheek report

Belt up or be busted on the 21M

Whither the slither? This and other compelling questions for investors in the Year of the Snake are raised and answered in CLSA's 19th Fung Shui Index.

7 Feb 2013 - 5:16am 1 comment

Business Management: China's M&A deals

Illustration: Martin Megino

Chinese companies are increasingly using overseas mergers and acquisitions (M&As) as a way of acquiring new capabilities as they expand globally.

5 Jan 2013 - 7:10am

Chart of the week: China stocks cheapen in BRIC bloc

Chart of the week: China stocks cheapen in BRIC bloc

China's new leaders face the challenge of reining in the dominance of state-owned enterprises that has helped drag stock valuations down the most among the so-called BRIC bloc - leading emerging market economies - in the past decade.

8 May 2015 - 9:46am

China and Russia are no more than allies of convenience

State councillor Dai Bingguo's visit to Russia this week for strategic security talks has once again focused attention on the supposedly close relationship between the two BRICS powers.

23 Aug 2012 - 4:07pm

Power output is no longer a good guide to China's GDP

Next Friday China will publish economic growth data for the second quarter of the year.

The key number is likely to show that gross domestic product was up by around 7.5 per cent from the same period in 2011. Compared with a figure of 8.1 per cent in the first quarter, the number will indicate a significant, although gentle, slowing in China's rate of economic growth.

4 Jul 2012 - 12:00am

Brazil breaks the mould

Brazil is the powerhouse of the Latin American property sector, and is likely to remain so for the foreseeable future, according to global consultancy PricewaterhouseCoopers (PWC).

25 Apr 2012 - 12:00am

The danger of a BRICS-led world

Good news continues to come out of Beijing on some aspects of economic liberalisation. Promises of lower tariffs and the easing of outward capital movement announced recently are especially welcome. However, there are other developments, in China and overseas, that should be worrying for Hong Kong, a city that has scant purpose other than as a hub of free trade.

8 Apr 2012 - 12:00am

BRICS can't co-operate on enthusiasm

The BRICS Exchanges Alliance finally launched its first cross-trading product last Friday, and as predicted in a previous column it was a modest debut.

3 Apr 2012 - 12:00am

Unity key issue at BRICS summit

The five so-called BRICS countries are expected to show the international community at a summit in New Delhi this week that they are united in pressing for reform of international financial institutions amid concerns that the group is not as strong as it appears to be, officials and analysts say.

27 Mar 2012 - 12:00am

CDB set to sign memorandum on yuan loans to its four BRICS counterparts

China Development Bank (CDB) will sign a memorandum of understanding (MoU) with Brazilian, Russian, Indian and South African counterparts to make yuan loans available to them, in a major move to boost the currency's international status, according to two bank staff.

19 Mar 2012 - 12:00am