Bright prospects for BRIC

Gathering of leaders from major emerging economies will lead to closer cooperation and stronger economic recovery

Since leaders of Brazil, Russia, India and China (BRIC) issued a 16-point joint statement at the first BRIC summit in Russia on June 16 last year, the grouping has drawn widespread public attention. As the second summit of the BRIC countries opens in Brazil on Friday, the public is set to pay more attention to it.

The outlook for the upcoming summit and the future of the grouping is bright.