Is BRICS the future for China's exports? 🇨🇳 New research from economist Andrey Gnidchenko reveals that while China is rerouting trade away from the US, it’s heading toward Europe and ASEAN—not the BRICS bloc.
➡️ https://youtu.be/Y1hrNX50jFc

🌍 Currently, the bloc serves more as a vital resource supplier (think raw materials from Russia and Brazil) than a market for high-tech goods. The hurdle? The low average per capita income in many member states presents a strategic challenge in selling sophisticated products. 📉

We discussed his research in an interesting interview. Check the link to the video below in the comment section!

#BRICS #ChinaTrade #GlobalEconomy #MarketTrends #SupplyChain