Bric countries turn around at the age of 10

Previously known as "Emerging markets", Goldman Sachs has redefined them as "growth markets" and has added four new members to one of the world's largest investment banks, Goldman Sachs, the latest study released this morning, said ten years after the bank's asset management chief, Jim, created the word bric, it is time to redefine　　Emerging markets. " The "emerging markets" of the past should be redefined as "growth-oriented markets".　　In addition to the "BRIC" countries, which are still within the "growth market" conditions, four "new members" have been added, followed by Mexico, South Korea, Turkey and Indonesia. The BRIC countries are 10 years old and the global economy has changed a great 2001, and since O ' Neill created the word "Brics", he has been in the tenth year.　　Goldman Sachs predicts that the "BRICS" will overtake the US as the world's four largest economies in the next eight years. Over the years, as the global economy has been changing rapidly, the growth of the newly emerging "next 11" group has been the "emerging market" for the BRIC countries.　　And with fast-growing countries like China, where growth and economic aggregates are already much higher than these "emerging markets", it is no longer appropriate to call China an "emerging market". Redefining the threshold of economic aggregates requires at least 600 billion dollars. The report notes that the newly defined "growth market", with the exception of "emerging market" traits ("emerging markets" are at least 1% per cent of the total GDP of the country as a whole, therefore, to be selected for the "Growth market",　　The threshold for economic aggregates should be at least 600 billion dollars, and these economies will have a high rate of productivity and an absolute advantage in population numbers.　　Moreover, the growth rate of these markets is higher than the global average.　　In addition, "growth market" in relation to "emerging market", its economic growth environment, financial development, the convenience of investors better. In the future, the "BRIC" economies will be moving at a "startling" pace with America's equal global economic power.　　Growth-oriented economies, led by the BRIC countries, dominate the world in every way. In particular, China overtook Japan as the world's second-largest economy in 2010, 5 years earlier than Goldman Sachs had expected, the report notes.　　China's gross domestic product reached nearly 6 trillion trillion dollars, or even the total of the other three BRIC economies.　　Overall, the BRIC economies totaled $11 trillion trillion, 80% of the size of the U.S. economy. In 2010, the average growth rate of the BRIC countries reached 8.5%.　　Even when the global economy hit a trough in 2009, the average BRIC growth rate reached 5.5%.　The report further points out that, in the new 10 years, China-led "BRIC" overall economic aggregates will be equal to the United States, by then, China's economy will reach the U.S. two-thirds.　Nearly $5 trillion trillion in consumer spending over the next 10-15 years reported that in addition to the fast-growing economy, the growth of domestic demand in the BRIC countries was more impressive. Domestic demand growth averaged 10% per cent in these four countries in 2010.　　In China, consumption has become the "main force" to boost economic growth. The existing BRIC countries ' consumption is approaching $5 trillion trillion. In 10 years, the BRIC countries will have the same spending power as the US.　　In the next 10-15 years, the BRIC countries will contribute about 800 billion dollars a year to the global economy. The term "BRICS" was first proposed by Goldman Sachs Jim in 2001. The BRIC countries cite the first letters of English in Brazil, Russia, India and China. Because the word is similar to the English brick (Brick), it is called the BRIC. Wen/journalist Lishiang