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20 years on, how has BRICS undergone its transformation?

This year marks the 20th anniversary of BRICS. Intra-bloc trade has expanded from $240 billion at inception to $1.17 trillion. As the largest trading partner of every BRICS member, China accounts for over 60% of intra-BRICS trade. Beyond economic ties, BRICS advances supply chain and resource resilience, and promotes global governance reform, amplifying the collective voice of the Global South.

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