With more ASEAN states expressing interest in and considering joining the group of emerging economies BRICS, analysts have also raised concerns that this may lead to an overdependence on China.
President of Brazil Luiz Inacio Lula da Silva, Chinese President Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia 's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on Aug 23, 2023.
However, with more Association of Southeast Asian Nations states expressing interest in and considering joining BRICS, analysts have also raised concerns that this may lead to an overdependence on China. China's Premier Li Qiang shakes hands with Malaysia's Prime Minister Anwar Ibrahim during their meeting in Putrajaya, Malaysia on Jun 19, 2024.
An interested country becomes a prospective BRICS member state when BRICS Sherpas – a select group of leaders representing their countries within the BRICS bloc – recommend it positively for consideration by BRICS foreign ministers. The BRICS Chair will inform an invited BRICS member state of the decision of BRICS leaders and request the appointment of a Sherpa, the main channel for communication amongst the nations.
“It is actually very risky, because China is experiencing slowing domestic demand for at least the next two to three years and still struggling with its property crisis.
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