Major expansion as economic bloc that includes Russia and China attempts to provide counterweight to the US and western allies The Brics group of big emerging economies has announced the admission of six new members, in an attempt to reshape … Read More
The 2023 BRICS summit is scheduled for Tuesday through Thursday this week, bringing together the five member nations of Brazil, Russia, India, China, and South Africa to lay the groundwork for a world of post-American “inclusive multilateralism.” Judging by the … Read More
Experts say India concerned about expansion and any overt anti-west turn as leaders fly into South Africa Leaders from developing countries representing almost half the world’s population including China and Russia are to meet in South Africa for a key … Read More
Chinese trust company Zhongrong International has missed repayments on dozens of investment products since late July — pointing to deepening troubles in the world’s second-largest economy amid a real-estate crisis. Wang Qiang, the company’s chief compliance officer, told investors earlier … Read More
China’s domestic security officials said they arrested a Chinese national for allegedly spying on behalf of the CIA, a move that comes a week after two U.S. Navy sailors were arrested for allegedly spying for China. In a statement, the … Read More
Heavy rain and high water levels in China’s northeastern rivers are threatening cities downstream, prompting the evacuation of thousands BEIJING — Thousands of people threatened by storm-swollen rivers were evacuated in China‘s northeast on Friday while areas on the outskirts … Read More
BEIJING, July 31 (Reuters) – China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard “national security and interests” amid escalating tension with the United States over access to technology. The restrictions on … Read More
Judge refuses Hong Kong government’s request for injunction against Glory to Hong Kong, saying it could have chilling effect Hong Kong’s high court has rejected a government attempt to ban a protest song, Glory to Hong Kong, saying an injunction … Read More
SHANGHAI/BEIJING, July 25 (Reuters) – China’s major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge of the matter said, moves … Read More
Ukrainian officials scrambled to assure the Chinese communist government on Thursday that Kyiv would protect Chinese assets in the country following a Russian missile attack on the city of Odessa that damaged its Chinese consulate. The assurances of safety for … Read More