China Invites South Africa to Join BRIC

Reuters:  Chinese Foreign Minister Yang Jiechi said BRIC has accepted South Africa as a full member of the group, which currently includes Brazil, Russia, India and China, according to Xinhua, which was monitored in Johannesburg.China, South Africa’s largest trading partner, will invite South African President Jacob Zuma to attend a summit of BRIC leaders that Beijing will host next year, it said.  South Africa is the world’s 31st-largest economy, according to World Bank data for 2009 and is less than a quarter the size of the smallest BRIC economy, Russia.  Read more…..

Hat tip to slowsmile at Raging Debate.