How the BRICS Will Shake Up the Global Trade Order: Supply Lines

Chinese President Xi Jinping touched down in Johannesburg earlier this week as the highest profile attendee of South Africa’s summit of the BRICS — a geopolitical club made up of Brazil, Russia, India, China and South Africa.

Under Xi’s leadership, China has boosted the standing of the informal group and propelled its collective share of global gross domestic product to a level that could soon rival that of the Group of Seven — comprising the more advanced economies of Canada, France, Germany, Italy, Japan, the UK and the US.

While China’s economic engine may be sputtering at the moment, Bloomberg Economics predicts ...