SCO & BRICS latest news and insights
By Rhod Mackenzie
The October figures for China's industrial production and retail sales were better than expected, indicating that the long-awaited recovery of the world's second-largest economy may be on the horizon. T However, the construction industry remains in a deep crisis, hindering its pr...
By Rhod Mackenzie
The current state of the liquefied gas (LNG) spot market is relatively placid compared to their usual seasonal conditions. Whilst the outdoors are still warm, the subterranean storage facilities throughout Europe and Asia are brimming with gas and poised for the imminent winter....
By Rhod Mackenzie
According to a report by Bloomberg, the five current members of the BRICS group have increased trade by 56% between 2017 and 2022, reaching around $422 billion in total last year.
BRICS currently comprises Brazil, Russia, India, China and South Africa, but will be joined by Arg...
By Rhod Mackenzie
The export of goods from China to the United States fell by 16.4%, while imports fell by 6%. This data, is based on the results of first three quarters of 2023, were published by the General Administration of Customs of the People's Republic of China. What is the explanation for t...
By Rhod Mackenzie
Russia's foreign trade has been almost totally reoriented towards the East, mainly towards China. Moreover, in many respects Russia's trade with China has already surpassed the peak levels of trade with the EU in previous years. As the acting head of the Federal Customs Service...
By Faiza Abid
For nearly eight decades, the US Dollar (USD) has remained the primary global reserve currency. However, in recent times, due to growing concerns over dependency on the greenback, countries are looking towards alternative currencies for trade and other transactions, a phenomenon reco...
