Tag: Financial crisis

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Does China Belong in BRICS?

As Xi Jinping arrives in South Africa for a summit meeting of the BRICS nations—Brazil, Russia, India, China and South Africa—Graham Allison suggests that grouping China together with the “RIBS” is misleading. From The Atlantic: In 2001, China’s GDP was equal to the GDP of all the RIBS combined. In the five years since the global financial crisis, just the increment of growth in