SCO & BRICS latest news and insights
By Rhod Mackenzie
On March 5, during a meeting with representatives of the agro-industrial complex in the Stavropol Territory, Russian President Vladimir Putin endorsed the proposal to establish a grain exchange under the BRICS framework.
He noted that stock speculation affects prices, which in t...
On March 5, the Russian Presidential Assistant Yuri Ushakov announced that the BRICS member states plan to establish a payment system based on modern technologies such as digital currencies and blockchain.
The goal is to create an independent settlement payment system within the BRICS framework.
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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...
