Reports on new BRICS states released

Investment environment rated to help countries identify their advantages

Reports assessing the investment environment of the newly added BRICS members have been released for the first time, ahead of the gathering of leaders in Kazan, Russia, for the 16th BRICS Summit, the first summit after the expansion of the grouping in January.

The assessments on the countries were jointly released on Monday by Dagong Global Credit Rating Co and Tsinghua University's Belt and Road Strategy Institute.

BRICS has been an important force in shaping the international landscape. Its expansion this year with new members, including the United Arab Emirates, Egypt and Ethiopia, is expected to have a profound influence on industry cooperation among its member states.