finance
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Digital RMB vs SWIFT: China’s alternative international payment system
China’s digital RMB is causing the BRICS countries and many others in the Global South to question the continued utility and viability of long-entrenched Western system of financial domination. The Chinese renminbi (RMB) is the official currency of China, and it also has a digital equivalent known as the e-CNY (or Digital Currency Electronic Payment, DCEP), Continue reading
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China leads green BRICS to challenge US trade war
In an address at the BRICS Leaders’ Meeting in Kazan in late October 2024, China’s International Trade Representative and Vice Minister of Commerce, Wang Shouwen, announced the launch of the China Center for Cooperation on Development of Special Economic Zones within BRICS (CCDSEZ). This Center is not just a symbol of collaboration it’s a strategic tool for diversifying Continue reading
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Indonesia joins BRICS as full-member
On January 6, 2025 the official entry of Indonesia as a full member of BRICS was announced, marking the first expansion of the group under the Brazilian presidency. Indonesia is a leading member of ASEAN (the Association of South East Asian Nations), and the world’s 4th most populous country and 7th largest economy. Indonesia’s membership was Continue reading
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Nigeria, Africa’s most populous nation, officially becomes BRICS Partner
The attached video looks at Nigeria’s monumental decision to join the BRICS economic bloc as a partner country. Announced on January 17, 2025, this partnership places Nigeria alongside powerful nations like Brazil, Russia, India, China, South Africa and Indonesia. The video considers what this means for Nigeria’s economy, its global influence, and its position in Continue reading
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US trade war on China expanded to blacklisting COSCO Shipping
Concern over impact on global maritime trade The Pentagon’s blacklisting of COSCO Shipping raises serious concerns about its impact on global maritime logistics and trade stability. The U.S. Department of Defense recently expanded its list of so-called “Chinese military companies,” alleging connections between these firms and China’s military. Among the most controversial additions is COSCO Continue reading
China Environment News 