SCO & BRICS latest news and insights
By Rhod Mackenzie
The Chinese economy is projected to grow by 5.4% in 2023 due to a robust recovery from the pandemic, but is expected to slow down to 4.6% in 2024 due to issues in the real estate sector and weakening external demand, as per a report by the International Monetary Fund (IMF). The r...
By Rhod Mackenzie
Washington's sanctions on Arctic LNG 2 will have an impact on business in Japan. Therefore, Yasutoshi Nishimura, Japan's Minister of Economy, Trade and Industry, stated that Tokyo will complete a comprehensive evaluation and plan a response to avoid jeopardising the country's sta...
By Rhod Mackenzie
During January-October 2023, China recorded a 5.6% reduction in exports and a 6.5% decrease in imports, as per data released on Tuesday by the General Administration of Customs of the People's Republic of China.
China's exports during the reporting period in annual terms declin...
By Rhod Mackenzie
During January-October 2023, China experienced a 14.5% surge in oil imports and an 8.8% increase in natural gas imports, as per the General Administration of Customs of the People's Republic of China's Tuesday report.
During the reported period, China imported 473.21 million ton...
By Rhod Mackenzie
Russia will maintain a voluntary reduction in the supply of oil and petroleum products to global markets by 300 thousand barrels per day until the year-end. Alexander Novak, the Russian Deputy Prime Minister, informed reporters on November 5th.
"A market analysis will be conduct...
By Rhod Mackenzie
Trade turnover between Russia and China in January-October increased by 27.7% year-on-year to reach $196.48 billion. The General Administration of Customs of the People's Republic of China (PRC) reported this on November 7.
As per published data, exports from China to Russia gr...
