SCO & BRICS latest news and insights
By Sergey Manukov
It seems that Beijing's measures to support the Chinese economy are producing results. The decline in production in China eased somewhat in August. This, and the improved situation with new orders, gave the Chinese some reasons to hope that the main sector of the Chinese economy...
By Elena Gorbacheva
After Argentina, Ethiopia, the United Arab Emirates, Saudi Arabia, Egypt and Iran officially join the BRICS next year, its combined GDP will be 37% of the world's. In addition, it will control almost 50% of world oil production and 40% of its exports. The control of energy reso...
By Sergey Manukov
The deliveries of Russian oil by sea on August 21-27 reached, according to Bloomberg, 3.4 million barrels per day. This is 880 thousand barrels per day. more than a week earlier. Russian oil exports in the penultimate week of summer reached the maximum for 8 weeks, i.е. almost tw...
By Yaroslav Lissovolik
The 2023 BRICS summit is over and it is clear that it is one of the most historic and transformational BRICS summits on record. While there has not been much progress on critical issues such as BRICS+ trade liberalization or the creation of a new reserve currency, a major ex...
By Dmitry Migunov
The transformation of the yuan into a global convertible currency ("internationalization") is in full swing. SWIFT statistics have shown that the use of the Chinese currency in international payments has increased markedly. However, the share of the yuan on a global scale so far...
Since August 28, stamp duty on securities trading in China has been reduced by 50%, according to Bloomberg. In addition, the exchange regulator has limited the volume of sales of shares under certain conditions. Markets reacted to the government's stimulus measures with growth - CSI 300 Index soared...
