Is China poised to be the biggest winner from the BRICS expansion? Many analysts believe so, pointing to the strengthening economic and trade ties among BRICS countries as a key factor. These ties are becoming increasingly close, and China is playing an important role in driving mutually beneficial BRICS cooperation. The addition of new member nations is expected to further solidify China\'s position as a leading global economic force.

BRICS Expansion: A Long-Term Game Changer for China

The recent BRICS expansion benefits the bloc and China long-term. The increase in membership not only broadens the group\'s global reach and influence but also diversifies its economic landscape. Besides growing influence, BRICS expansion also increased the total GDP of the group worldwide by over a significant margin, presenting substantial opportunities for Chinese businesses and investments. This expanded market access promises to boost China\'s export potential and strengthen its supply chains.

One of the key areas where China stands to gain is in the increased use of the RMB (Renminbi) in international trade and finance. According to the Society for Worldwide Interbank Financial Telecommunications, more than 70 percent of global offshore RMB payments are processed through China, highlighting its dominance in this space. As BRICS nations increasingly seek alternatives to the US dollar for trade settlements, the RMB is likely to become a more prominent currency, further enhancing China\'s financial influence.

Furthermore, China\'s existing infrastructure and technological prowess position it as a natural partner for many of the new BRICS members, particularly in areas such as renewable energy, telecommunications, and infrastructure development. This presents significant opportunities for Chinese companies to expand their operations and contribute to the development of these nations, further strengthening China\'s economic and political ties within the BRICS framework. The BRICS expansion, therefore, is not just about increasing the bloc\'s size, but about reshaping the global economic order, and China appears exceptionally well-positioned to lead the way.