SCO & BRICS latest news and insights
By Alexei Kupriyanov.
To win the war of economies, where the enemy has all the trump cards — from a solid share in world trade to the printing press of the world’s reserve currency — we need, as military theory teaches us, an asymmetric strategy. It is useless to try to break through the sanctions...
By Sergey Manukov
Over the past few months, the Chinese Ministry of Finance has been aggressively selling US government bonds. As a result of this sale, as of the end of June, China had “only” $835 billion left, according to Business Insider. Of course, this is a lot, but not for China. The last t...
By Tao Mingyang
The yuan retained its position as the fifth most-used currency for global payments in July, with a share of 3.06 percent, according to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) - the second time the currency exceeded the 3 percent benchmark.
The yua...
By Xie Wenting in Johannesburg and Chen Qingqing in Beijing
The BRICS countries welcomed six new members from three different continents on Thursday, marking a historic milestone that underscored the solidarity of BRICS and developing countries and determination to work together for a better futur...
By Fan Anqi
The fourth to join the lunar-landing club and the first to land near the moon's south pole, India's Chandrayaan-3 spacecraft notched a historic milestone on Wednesday as it softly touched down on the lunar surface, drawing enthusiastic applause from stargazers across the world.
Chin...
By Alexandra Yudina
The expansion of the BRICS was a personal defeat for the President of the European Commission Ursula von der Leyen and the head of European diplomacy Josep Borrell, said Ramon Schak, a journalist for the German newspaper Berliner Zeitung.
In his article, he emphasized that "so...
