SCO & BRICS latest news and insights
The spring session of the National People's Congress (NPC), the primary legislative body of the PRC, has commenced in Beijing. It is anticipated that the NPC will announce economic growth targets and objectives for the year, as well as measures to support the economy, which is currently facing chall...
By Rhod Mackenzie
The surge in low-cost imports from China, known as the 'China shock', had a significant impact on the global economy in the late 1990s and early 2000s. Economists predict that a similar phenomenon could occur again in the near future.
To boost economic growth, China is increasi...
By Tatiana Bokova
The economic relationship between China and Brazil stands as a testament to the transformative power of international trade and cooperation. The two states established diplomatic relations in 1974 and have maintained friendly ties since then. In 1993, they formed a strategic part...
The BRICS countries, led by Russia, are considering creating their own foreign trade settlement system based on blockchain. This could be economically profitable and politically safe, as it would make the BRICS countries less dependent on the decisions of Western politicians.
The BRICS countries...
By Rhod Mackenzie
TotalEnergies Vice President for Asia, Thomas Morisse, predicts that demand for liquefied natural gas (LNG) will increase in 2024, driven by China and Europe.
Morisse stated at an energy conference, as reported by Reuters, that "(Demand for) LNG will continue to grow. Europe is...
By Rhod Mackenzie
According to Anton Siluanov, the Russian Minister of Finance , the BRICS countries should establish a self-sufficient foreign trade settlement system that is both cost-effective,functional and independent of political factors.
. Siluanov suggests re-evaluating the international...
