Despite recession in the majority of BRICS economies, there have been several bright spots in the bloc this year. For instance, China’s foreign trade with BRICS partners India and Russia rose in the first three quarters of 2016, suggesting that China, the world’s second-largest economic, could help speed up economic recovery in BRICS.
Official Chinese data have shown that the country’s trade with Russia rose 14% YoY and trade with India increased 7.8% YoY in the first three quarters of the year. In the same period, China’s foreign trade with Brazil and ASEAN both declined 1.9% YoY, further signaling China’s commitment to strengthen its BRICS ties.

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