SCO & BRICS latest news and insights
By Rhod Mackenzie
Beijing is the first to accredit a Taliban diplomat as an ambassador. Some high-level rapprochement has taken place before - two years ago, acting Foreign Minister Amir Khan Muttaqi came to the Afghan capital for a meeting with the head of the Chinese Foreign Ministry. Neverthele...
By Rhod Mackenzie
Since the beginning of the year, Russian gas supplies to China have been breaking new historical records. Experts predict that the Power of Siberia project will surpass its planned export growth targets for the year due to the attractive price conditions it offers China. Despite...
Russia expects its pipeline gas exports to recover by almost a fifth this year, partially offsetting the loss of most of its European customers through higher shipments to China.
Gas shipments via pipelines to foreign markets will reach 108 billion cubic meters this year, up from 91.4 billion cubi...
By Rhod Mackenzie
The New Year of 2024 brings a lot of surprises and potential challenges to the countries of the BRICS. The union has doubled to 10 countries, which should lead to its increased economic power. However, its largest economy, China, is still slowing down. Plus the new participants...
By Rhod Mackenzie
The January release of the IMF's flagship quarterly forecast, the World Economic Outlook, was notable for the upward revaluation of forecasts for the economic dynamics of most of the major economies in the world. Global economic growth is now estimated at 3.1% in 2024, up from 2....
By Rhod Mackenzie
At the end of the year, China once again achieved impressive GDP growth rates of 5.2%. Among large economies, only India is expected to outperform China in 2023. However, this success is tempered by the fact that a significant portion of this growth is due to deflation; in nomina...
