BRICS’s place in the Foreign Economic Policy of China in the XXI century

Nowadays, the great attention is directed to the BRICS cooperation, because of the potential, which Brazil, Russia, India, China and South Africa hold together. These countries are the biggest on the different continents (geographic location), they have a huge resource potential and population at their disposal. Moreover, the development of the BRICS member-states is growing, and the countries have more and more opportunities to strengthen their position not only in the framework of cooperation, but on the world arena as well. Under the conditions of modern world order with the dominant role of the USA, the BRICS members implement measures oriented to reform the world financial system in order to step out of the shade of the USA. The countries stand for the equal access to the financial resources and markets. BRICS cooperation is becoming an instrument of building new architecture of the world economy. Furthermore, BRICS represents the image of the developing world using the format of dialog with China as undisputed leader.