could they bring as an offering, so i think that s also going to be attracting a lot of attention but there are risks as well. we know it s a company with around 25% of revenue from china, just a time when the biden administration is ratcheting up the restrictions on china, smartphone industries also having a bit a tough time as well so while there are lots of positives there are also some risks involved. fiona, thank you. fiona cincotta from city index. more now on the brics summit that is getting under way in south africa. the brics group made up of brazil, russia, india, china and south africa, are meeting injohannesburg for their summit of major emerging economies. the heads of state and government will have a lot to discuss when it comes to trade and economic ties. but one key participant won t be present. russian president vladimir putin will onlyjoin via a video link.
of brazil, russia, india, china and south africa. they are meeting injohannesburg for their summit of major emerging economies and the heads of state and government have a lot to discuss when it comes to trade and economic ties. but one key participant won t be present. russian president vladimir putin will onlyjoin via a video link. top of the agenda will be a possible expansion of the bloc. 0ver a0 countries, including saudi arabia, uae, argentina and iran want tojoin the group. brics is seen by some as a logical alternative to established western institutions. however, making sure all the existing members, as well the new applicants, have enough common ground to work together may be harder to negotiate. joining me now is steven gruzd, head of african governance and diplomacy programme at the south african institute of international affairs. there is a lot for them to talk