In terms of trade openness, China and Russia are more exposed to international trade, but also stand to benefit more in terms of medium-term economic growth and wealth generation, than Brazil and India according to deutsche Bank Research. China is undoubtedly the BRIC (Brazil, Russia, India, China) economy most vulnerable in terms of trade protectionism and access to strategically important commodities, its strong international financial position notwithstanding. Maintaining an open trading system and creating a level playing field as regards foreign direct investment will remain a central plank of Chinese economic diplomacy.
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