"The fundamental strengths of BRICS, such as the market and population mass, won't go away for the cyclical downturns of some BRICS members. "Since the creation of the BRICS summit, the bloc has been more than just an economic concept. Brazil and Russia even registered negative economic growths.In November last year, the BRIC Fund was finally closed, the report said. "In this way, BRICS could evolve into a more closely knit community underpinned by common interests and have more say in global economic governance," Shen added. They still will shine in future economic development," Zhou said.

Source: Economic Times June 13, 2016 06:00 UTC