SCO & BRICS latest news and insights
By Rhod Mackenzie
According to a report by Bloomberg, the five current members of the BRICS group have increased trade by 56% between 2017 and 2022, reaching around $422 billion in total last year.
BRICS currently comprises Brazil, Russia, India, China and South Africa, but will be joined by Arg...
By Rhod Mackenzie
The export of goods from China to the United States fell by 16.4%, while imports fell by 6%. This data, is based on the results of first three quarters of 2023, were published by the General Administration of Customs of the People's Republic of China. What is the explanation for t...
By Rhod Mackenzie
Russia's foreign trade has been almost totally reoriented towards the East, mainly towards China. Moreover, in many respects Russia's trade with China has already surpassed the peak levels of trade with the EU in previous years. As the acting head of the Federal Customs Service...
By Rhod Mackenzie
The Western media alleges that purchasing gas from the recently established Russian Arctic LNG-2 facility is too risky as it might attract American sanctions. The Financial Times examined the implications of the new American sanctions on Arctic LNG-2. Nonetheless, it is premature...
By Rhod Mackenzie
Baidu, a Chinese entity, has been procuring chips from US-based company Nvidia for a prolonged period. The ongoing technological friction between Beijing and Washington, coupled with US Department of Justice's sanctions on Chinese corporations, has resulted in the Chinese firm s...
By Chu Daye, Qi Xijia
European companies are still heavily betting on China, and they said that their businesses have truly benefited from China's high-level opening-up. This forms a sharp contrast with some voices that call China's ongoing import fair a "symbolic gesture" when China is holding th...
