The BRICS can report what they want in order to get advantage in in trading, but, can anyone trust China’s reports or Russia’s? And, those other BRIC members are all third world countries, and likely looking for things that America is no longer willing to give.
Who do you trust more to be honest with their economic reports. China’s economy is getting worse by the day, and so is Russia’s third-world economy. Which countries are likely to experience more growth in the future: capitalism/free-market-based systems, or socialist no-growth/very-little growth systems? We know from history that, socialism has never worked. So, which side is the smart-money/smart-investors gonna go with?
It today’s western world, where are you going to find those capitalism/free-market-based systems?