By Rhod Mackenzie Russia will receive nearly one trillion rubles more ( $10.5 billion) in 2023 from the increase of non-resource and non-energy exports. The impressive 85% surge is proving to be a strong financial boost for the country. What products fall under this export classification, what are the reasons behind other countries purchasing more […]
By Rhod Mackenzie During the third international forum “One Belt – One Road” held in Beijing, bilateral discussions were held between Vladimir Putin and Xi Jinping. The leaders deliberated on the remarkable upswing in trade between their respective countries. Notably, they disclosed several significant infrastructure projects. What other topics were raised during the tête-à-tête between […]
By Rhod Mackenzie The Russian President Vladimir Putin arrived in Beijing at the invitation of Chinese President Xi Jinping, reported TASS on the morning of 17th October. Putin will stay in the Chinese capital for two days, until 18th October, during which he will meet with Xi Jinping and participate in the Chinese III International […]
By Rhod Mackenzie The current relationship between Russia and China did not develop because of events in today’s world and were not the result of the current political conditions in the world; they have however been developed carefully and calmly over the last two decades, President Vladimir Putin said in an interview with the China […]
By Rhod Mackenzie Historically, investments into the Belt and Road Initiative (BRI) have been denominated in US dollars. Nevertheless, high interest rates as well as escalating geopolitical tensions have prompted the adoption of alternative approaches by an increasing number of investors, to avoid exposure to the US currency. According to analysts, the new forthcoming phases […]
This week’s News on China. • China supports the creation of a Palestinian state • China-Russia trade growth • Tourism exceeds pre-pandemic levels • Breakdance on the rise
By Rhod Mackenzie The export of goods from China to the United States decreased by 16.4%, and its imports from there decreased by 6% according to data published by the General Customs Administration of the People’s Republic of China based on the results of the first three quarters of 2023. What is the explanation for […]
By Rhod Mackenzie The Bank of China (BOC), one of China’s four largest state-owned commercial banks, has inaugurated its first branch in Riyadh, the capital of Saudi Arabia. This move aims to extend the use of the yuan in trade and finance. Analysts have observed that since the recent BRICS Summit, members of the bloc […]
By Rhod Mackenzie According to Liu Lin, the deputy head of the investment department of the People’s Bank of China (PBOC), major issuers are trying to take advantage of the interest rate differential between China and the United States, and are therefore issuing and selling as many yuan bonds as possible, effectively increasing its weight […]
Grain is an old tool, weapon is the appropriate term, of imperialism. Once, the weapon was widely used by imperialism; and the weapon was used against countries in the Southern Hemisphere – to control, press and coerce the countries whenever the master of the world order desired. Use of the weapon created famines in countries […]
