Such a move would cut transactional dependence from the West and usher in a new era of reliable business activity Russian Prime Minister Mikhail Mishustin has proposed setting up a joint payment network within the Shanghai Cooperation Organization (SCO) and has urged member states to speed up the transition to using national currencies in trade.
By Chris Devonshire-Ellis Luiz Inacio Lula da Silva’s victory in Brazil’s Presidential elections can be expected to help develop ties with both China and Russia. Lula, as he is informally known as, was responsible for ushering Brazil into the BRICS grouping in 2009. More left-wing socialist than his predecessor, Lula also helped develop stronger ties[…..]
Sales to Russia to be picked up instead by distributors, parallel imports and by making Russia-only kit The Chinese MNC Huawei, a major smartphone and tablet producer, is poised to leave the Russian market – although that doesn’t necessarily mean that Huawei kit will be unobtainable in Russia.
All the latest international news, analysis and opinion from the BRI Compiled By Chris Devonshire-Ellis Analysis & Opinion 2022 CPC Congress & Implications For The Belt & Road Initiative (Silk Road Briefing) China Manufacturing – What’s Next After Xi Jinping’s CPC Reforms? – Analysis (Silk Road Briefing) As Putin’s War Disrupts Eurasian Railways, China Investigates[…..]
A complete restructuring of China’s SOEs and Private Sector can be expected to meet the CPC targets with new hybrid models being introduced as unique economic structural solutions By Chris Devonshire-Ellis The recent CPC Congress has laid out specific plans for restructuring China’s national manufacturing base in ways that have not been acknowledged[…..]
A rise in Chinese consumption may be the only bright spot as Western markets tip into recession during Q4 2022 and 2023 China’s General Administration of Customs (GAC) has stated that China’s foreign trade was up 8.3% in September, despite global problems. The GAC noted that China had achieved such growth despite mounting headwinds amid[…..]
While a US Disneyland opening in a Belt & Road Initiative – or even a Communist country – would not be a first, the choice of Sri Lanka under consideration for hosting South Asia’s first operational base for Mickey Mouse and Co is.
Overseas investment to continue with a more prudent lending policy while existing debt negotiations are on-going By Chris Devonshire-Ellis As part of the CPC’s newly announced next 5 years plan, China intends making significant inroads in developing outbound investment (the Belt and Road Initiative) and trade. The country has signed off significant energy and trade[…..]
All the latest international news, analysis and opinion from the BRI Compiled By Chris Devonshire-Ellis Analysis & Opinion What Xi Jinping’s Third Term Means For Belt And Road, China-ASEAN Ties (SCMP) BRI Leads Through GDI And GSI (Pakistan Tribune) What The Western Media Isn’t Telling You: Russian Geopolitical, Energy, Economic & Trade Developments: Daily Updates[…..]
Geopolitical Bets Are Being Hedged As Countries Begin To Align Away From The G7’s Sphere Of Influence By Chris Devonshire-Ellis Indonesia may fully join the BRICS format (Brazil, Russia, India, China, South Africa), the country’s ambassador to Russia, Jose Tavares has said. “I hear my president speak for full membership into the (BRICS) integration. There[…..]