12 more countries interested in joining BRICS

[BusinessTech]

12 more countries interested in joining BRICS

Representatives from 12 non-member nations have expressed interest in joining the now 10-member BRICS bloc.

 

[Pegging]

Let me guess, it's USA, UK, Australia and some European countries.

 

[Lupus]

For what? The massive benefits to the countries there?

 

[Pegging]

For what? The massive benefits to the countries there?

It’s mostly countries with economies that depend on China.

If the USA decide it’s time for sanctions against China, they will all suffer.
The more countries that stand with China, the less power the USA can exert over the world economy.

 

[neoprema]

People like something different. It’s the same reason people change bank accounts, gyms, airline miles partners etc

The grass is always greener…

 

[Polymathic]

For what? The massive benefits to the countries there?

Cheap loans from China, that's literally the only reason countries want to join BRICS.

 

[Lupus]

Cheap loans from China, that's literally the only reason countries want to join BRICS.

Ah with not realising the catches

 

[Mercury12]

CNU - Countries of national unity

 

[Polymathic]

Ah with not realising the catches

Getting loans via the BRICS bank (which is entierly funded by the CCP) comes with far less catches than getting loans from them directly, hence why so many nations are eager to join.