Russia says South Africa hopes to join "BRIC fifth country"

Russian President Dmitry Medvedev Friday in the Group of 20 (G20) summit, said South Africa's "application" to join Definition of Brazil, Russia, India And China (BRIC).


Last year, according to World Bank data, South Africa is the world's largest economy 31, economy of scale is less than the "BRIC" economies of Russia, the smallest quarter. "BRIC" the other three members are Brazil, India and China.


Medvedev said at a news conference: "There are many countries want to join the 'BRICs', in particular, has made an application in South Africa."


Some economists have rapid economic growth in Indonesia as "BRIC" the next member. "BRIC" by the current chairman of Goldman Sachs Asset Management O'Neal (Jim O'Neill) concept put forward in 2001.


Reuters made contact with O'Neill, when asked whether South Africa should be included in the "BRIC", the O'Neill briefly replied: "no."


South African Government expected the South African economy will grow 2.3% this year, difficult and the "BRIC" than members of the rapid development pace.


"BRIC" Last year, held a summit in Russia, has been trying to expand its influence.


Part of the investors in accordance with the "BRIC" credit rating of asset allocation, the existing members of the organization in recent years in the global financial impact of continued growth. (End)


Compile: Lili Released by: Wang Yan Kun


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