SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
It appears that in Hong Kong and Beijing, they have chosen to rephrase the words that were attributed to Stalin: 'No man, no problem.' After several delays and false hopes, a Hong Kong court recently sentenced China's largest construction company, Evergrande, to a severe penalty....
By Rhod Mackenzie
Chinese Prime Minister Li Qiang announced in Davos that China's GDP grew by 5.2% in 2023. This exceeds the goal of around 5% set by Xi Jinping and the CPC in March of the previous year.
However, according to the New York Times and other Western publications, the leadership of C...
