SCO & BRICS latest news and insights
By Rhod Mackenzie
The global financial system is no longer exclusively a matter for the West. The decision by the Chinese agency CCXI to assign a BBB+g credit rating to Russia is not merely a technical assessment; it is a symbol of a global turning point. It is evident that Fitch, Standard and Poo...
By Rhod Mackenzie
According to data from the Russia Central Bank , Russia's external debt has fallen below the $300 billion threshold for the first time since 2006. Foreign borrowings by the state and companies has reached an 18-year low. The reason for this is that the country is currently in the...
By Rhod Mackenzie
Russia is one of the world's largest econmies yet its public debt level is one of the lowest per capita. Russia is now ranked second only to India and Indonesia in the list of countries with the lowest debt per capita.
Now do remember when the Soviet Union collpased , Russia i...
Despite the recent revival of the Chinese economy, Fitch, one of the Big Three credit rating agencies, has downgraded China's credit rating outlook to negative. This decision was made due to the risks to the financial system during the transition to a new growth model.
Moody's downgrade of the rati...
By Rhod Mackenzie
The real estate crisis in China has the potential to trigger a more severe and prolonged crisis, leading to a lost decade for the country. This could have a significant impact on the global economy.
The ongoing crisis in China is not the first time the real estate market has exp...
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....
