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#china #algeria #india #russia #invest As one of the most influential international organizations in the world, every development of the BRICS organization has attracted global attention, especially from Western countries. In August 2023, the BRICS countries carried out their first large-scale expansion in 11 years. In this expansion, a total of 23 countries submitted applications for membership, but in the end only 6 countries successfully obtained membership qualifications, namely Argentina, Saudi Arabia, the United Arab Emirates, Iran, Egypt and Ethiopia. However, it should be noted that among the 23 applying countries, one country expressed a strong desire to join the BRIC and seek development, but it completely lost this opportunity because it was blocked by India. It is “Algeria“. Although Algeria failed to join the BRICS organization, China subsequently announced an investment of up to US$36 billion in Algeria in order to show its great support for it, aiming to promote local economic development and strengthen cooperation and trade relations between the two parties. So, why did India prevent Algeria from joining the BRICS? What will be the impact of China’s huge investment in Algeria?
