SCO & BRICS latest news and insights
By Rhod Mackenzie
The export of goods from China to the United States fell by 16.4%, while imports fell by 6%. This data, is based on the results of first three quarters of 2023, were published by the General Administration of Customs of the People's Republic of China. What is the explanation for t...
By Rhod Mackenzie
Russia's foreign trade has been almost totally reoriented towards the East, mainly towards China. Moreover, in many respects Russia's trade with China has already surpassed the peak levels of trade with the EU in previous years. As the acting head of the Federal Customs Service...
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) were the six new additions to BRICS (Brazil, Russia, India, China and South Africa) announced on August 24 during the economic bloc’s landmark 15th summit in Johannesburg, South Africa. With the 2023 summit held under...
By Rhod Mackenzie
Russia's GDP increased by 5.1% YoY in Q3 2023, according to the latest monetary policy report released on Tuesday by the country's central bank.
The regulator's estimates indicate that the Russian economy displayed notable growth in both Q2 (4.9%) and Q3, resulting in the centr...
By Chu Daye, Qi Xijia
European companies are still heavily betting on China, and they said that their businesses have truly benefited from China's high-level opening-up. This forms a sharp contrast with some voices that call China's ongoing import fair a "symbolic gesture" when China is holding th...
By Rhod Mackenzie
The global order,focused on the interests of the Anglo-Saxon nations, is progressively collapsing, and this phenomenon is now irreversible. Nikolai Patrushev, Secretary of the Security Council of the Russian Federation, made this statement at a CIS gathering with colleagues in...
