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BRICS

This tag is associated with 14 posts

China’s role in the West-vs-Rest antithesis


The New York Times reported on Oct 16 that “Austria’s rightward lurch is Europe’s New Normal” as the far-right Freedom Party would probably be invited to form a coalition government with the Eurosceptic Sebastian Kurz whose conservative OVP (Austrian People’s Party) had secured a 31% leading position in the latest parliamentary election. Identity politics has … Continue reading

One of the reasons for the India-China discomfort


The Economic Times, the leading Indian daily newspaper in English with a readership of over 800,000, published an article stipulating “three key reasons why India and China must not go to war at a time like this” on Sep 12. “Moving away from ‘assaulting with stones’ to ‘building with BRICS’ could be the new mantra … Continue reading

India-China Doklam standoff ends when Mexican president joins BRICS meeting


Among various tactical considerations, the two decisive factors that finally helped dissolve the India-China standoff (since June 18) over Doklam on August 28 were Bhutan’s non-belligerent position and, surprisingly, Mexico’s growing interest in the BRICS platform. On Aug 11, at the “first meeting between the two (Indian and Bhutanese) ministers since the Doklam crisis broke … Continue reading

Cadence of Conflict: Asia, October 17, 2016


China expanded its network this week. The focal point was the BRICS summit. But, China also expanded its network into Space, sending Shenzhou 11 to the Tiangong 2 Space laboratory. Meanwhile, back here on Earth, China’s solar, trade, and finance network expanded into roads with India, fighting terrorism with Russia, and world peace with South … Continue reading

China’s SWIFT alternative (CIPS) and the engineered death of the dollar


Forget all the nonsense and hoopla about the Apple Watch or the GM stock buy-back. Far and away the most important economic story of the week is one you won’t find on the front page of Bloomberg or MarketWatch. New reports indicate that China is ready to launch its SWIFT alternative, and for those who … Continue reading

China’s Xi goes to South America to break US dominance


Reuters today reported on Xi Jinping’s goal of pushing for the developing world’s rights. Reuters quote Chinese President Xi Jinping as saying in an interview with South American media, “China would try to better play the role of a responsible major power and promote the rights of the developing world.” However, Reuters says that there … Continue reading

Prelude to Conflict: Asia, July 21


The week of “mixed messages”… Western headlines relating to Southeast Asia were about “helping” Hong Kong, early this week. Thursday, the Pentagon announced that China will join the US and Australia in an infantry exercise this October… mixed messages. Atop the stack, things are escalating against Russia. WWI started when Germany sank the passenger ship, … Continue reading

Chinese wine market: bright horizons for foreign producers?


The International Organisation of Vine and Wine (OIV) reported the increasing relevance of Chinese consumption trends in its last global report. China is the 5th market in the world, with a wine consumption value of over 15 million hectolitres (Mhl) per year, not too far from traditionally strong target countries like France, USA, Italy and … Continue reading

BRICS countries find it hard to run as a herd: Brazil, Russia, India, China, South Africa


At a summit in South Africa on Wednesday, Vladimir Putin likened the BRICS nations – Brazil, Russia, India, China and South Africa – to Africa’s “Big Five” game beasts of trophy hunting lore – the lion, elephant, buffalo, leopard and rhinoceros. The Russian president’s comparison captures the dilemma of these muscular emerging global powers, which … Continue reading

Nigeria warns Africa to view China as a competitor and beware of it’s imperialism


Africa must shake off its romantic view of China and accept Beijing is a competitor as much as a partner and capable of the same exploitative practices as the old colonial powers, Nigeria‘s central bank governor has warned. Reflecting the shifting views of a growing number of senior African officials who fear the continent’s anaemic … Continue reading

China is ready for currency war


The deputy governor of China’s central bank, Yi Gang, said that the country was prepared for weakening currencies in the United States and Europe, and now Japan. Worldwide, the central bankers are already in a currency war, so this policy statement should not come as a surprise. Noteworthy is the fact it was publicly and … Continue reading

Is Chinese foreign aid better for africa?


There is a new kid in town and its name is the People’s Republic of China. Its entrance into the rich and elite foreign aid club has redefined the foundations of foreign aid. At last summer’s Conference of the Forum on Africa China Cooperation, the mighty dragon has pledged $20 billion USD over the next … Continue reading

Brazil, China to Sign $30 Billion Currency Swap Agreement Soon


Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil Finance Minister Guido Mantega said. The currency swap, worth 60 billion reais or 190 billion yuan, will be the first step in a broader agreement with Russia, India and South Africa to … Continue reading

BRICS Countries Consider Central Bank


The fourth annual BRICS summit, to be held in New Delhi on Thursday, will cover a wide range of topics of interest to member countries Brazil, Russia, India, China and South Africa. One of the topics for discussion will be the idea of a multilateral bank funded by developing nations for the purpose of encouraging … Continue reading

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