By Rhod Mackenzie
In the West, they have again started talking about the Soviet economist Nikolai Kondratiev, recalling his theory of supercycles or the so-called “Kondratiev waves” (K-waves), which proved its predictability for a hundred years. Its essence lies in the fact that the global economy...
By Rhod Mackenzie
Another practical step has been taken to expand trade in national currencies by members of the SCO and BRICS. India began to buy Russian oil in yuan. The Chinese leader called on the members of the SCO to increase the share of national currencies in trade. And Russia is at the fo...
By Rhod Mackenzie
Iran officially became the ninth member of the Shanghai Cooperation Organization (SCO). Previously, it was only an observer country in it. "Prime" polled experts about what effect the accession of Moscow's longtime partner - economic or political - will give, and who benefits mos...
By Maria Siow
Not all the members of the BRICS bloc of major emerging economies are getting behind the push to expand it, with India particularly “wary” of the plan, analysts say, as doubt lingers about whether the grouping could become a counterweight to existing regional alliances.
When the BRI...
Global Times Opinion
The US has been roping in its allies to escalate the chip war and high-tech crackdown against China, disregarding the potential damage the technological iron curtain may cause to global supply and industrial chains. But now the question is how long Washington can ignore the wa...
By Rhod Mackenzie
On July 4, the 23rd Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) was held. President Xi Jinping delivered an important speech titled "Staying true to our founding mission and advancing unity and coordination to realize greater developmen...