Global Times Opinion
Bilateral trade between China and the US has been on the decline this year, due in large part to the continuous US' "decoupling" push and antagonistic trade policy toward China.
But at a time when the Biden administration needs to impress voters with economic progress - not...
By Xiong Xinyi
While some developed countries have expressed an interest in joining the BRICS partnership, the BRICS is focusing on developing and emerging economies first to make sure cooperation is expanded, South African Ambassador to China Siyabonga Cyprian Cwele told the Global Times in a rec...
By Rhod Mackenzie
Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said, noting that the move can be a fresh blow again...
By Rhod Mackenzie
Egypt is seeking to shift away from the US dollar in mutual trade with several member states of the BRICS economic bloc, Egyptian Supply Minister Ali Moselhy has said.
According to Moselhy, Egypt is seeking to use local currencies to pay for its imports from India, China, and R...
By Yaroslav Lissovolik
The creation of a BRICS currency has become throughout the past year one of the headline themes related not only to BRICS, but also the global financial markets. Along with the skepticism coming from most of the pundits from the developed world there is also an enormous numb...
By Rhod Mackenzie
Whether the "grain deal" will be extended or not will not play a special role for China, after all, after the entry into force of the deal, Ukraine exported grain mainly to European countries, and Russia supplies grain to China directly, making payments in yuan, said Mei Xinyu, a...