This paper aims to reflect on the importance of the BRICS group as a South-South cooperation platform and also as an important player intending to democratize global governance institutions. The creation of the New Development Bank（NDB），the Contingent Reserve Arrangement（CRA）and also the accession of BRICS countries to The Asian Infrastructure Investment Bank（AIIB）are significant examples of the potential of cooperation among these countries，reinforced by the declarations of the recent two Summits，held in Ufa，Russia，in 2015，and in Goa，India，in 2016. However，the change of government in Brazil，with the deposition of Dilma Rousseff and the rise of Michel Temer，may jeopardize the group’s progress once the new government’s diplomatic options tend to align with the directives of the hegemonic powers in the global order. Faced with this rupture of the Brazilian political system that may narrow the political coordination between Brazil and China within the BRICS Group，it is important to discuss the potential to cooperation in economic terms related to the impacts of the “New Normal” of the Chinese economy on bilateral trade and investments，specifically the infrastructure projects under “The Belt One Road” Initiative.