By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Staff work at Bharat Mandapam, the venue of the BRICS Leaders' Summit in New Delhi, India, September 12, 2026. /VCG Editor's note: Liu Xu is a research fellow of the National Academy of Development and Strategy, Renmin University of China. The article reflects the author's opinions and not necessarily the views of CGTN. The 18th BRICS Summit is being held in New Delhi this September, coinciding with the 20th anniversary of the BRICS cooperation mechanism. From the four‑letter investment acronym coined by Goldman Sachs economist Jim O'Neill in 2001 to a multilateral cooperation platform that now connects 11 full members, 10 partner countries, and covers nearly half of the world's population, BRICS has completed its transformation from a "concept" to a "key force" in global governance. The expansion of BRICS traces a clear growth trajectory. In 2006, the foreign ministers of the four countries met for the first time on the sidelines of the UN General Assembly in New York, turning a business concept into an intergovernmental coordination platform.
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