China – the economic foundation of BRICS
Abstract
This paper examines China's economic development and its role as the economic foundation of the BRICS alliance.PRC has changed its image in every aspect over the past decades, transforming itself from a poor country into an economic powerhouse that rivals the G7 countries.The idea is to determine the sentiments and desires of China for development, as well as its place in the BRICS alliance and the world stage, during the pandemic and post-pandemic periods.Both internal and external indicators that have influenced the overall state of the country are examined.China is the second most developed economy in terms of GDP in the world, and analyzing its development in recent years is key to determining its direction of growth.Many of the indicators analyzed are strongly influenced by the cultural ethics of the people and strong political intervention at all levels, with the aim of controlled regulation in the face of all factors of influence.Objectives: Through an analysis of key macroeconomic indicators, the dynamics of the country for the period 2020-2024 are tracked.Methods: Method for processing data by collecting and converting data into usable information is used.Results: The results highlight the country's sustained growth, labor market stability, and ability to attract investment, despite challenges.Conclusion: China proves that despite all the challenges in the areas of healthcare, economy, and politics during the period under review, it can continue to develop as a country for the benefit of its people and for its place in turbulent times of political change
Fields of Study & Subjects
Globalization
Economics
and Policies
China's Socioeconomic Reforms and Governance
COVID-19
Geopolitics
Technology
Migration
Publication details
- Journal / source
- Bulgariаn Journal of Business Research
- Volume
- 37
- Issue
- 1
- Pages
- 96–103
- Publication date
- 12 February 2026
- Language
- EN