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China Strengthens Russia Partnership via BRICS and SCO Cooperation

[Oct 9 3:30 AM] China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). At an event celebrating 75 years of diplomatic relations, State Councilor Shen…

China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa

[Sep 4 3:30 AM] China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the…

Mainland China to ‘unban’ Bitcoin? Community says ‘unlikely’

[Jul 15 7:02 AM] Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.

Chinese President Xi Jinping praises blockchain exec in open letter

[Jun 12 10:20 AM] Andrew Chi-Chih Yao, the recipient of the letter, is the chief scientist of the Conflux network and a professor at the country’s prestigious Tsinghua University.

‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto

[May 20 10:37 AM] Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge…

Lavrov Highlights 30 Nations’ Interest in BRICS as China-Saudi Pact Poses Challenge to US Dollar

[Dec 27, 2023 4:30 PM] In a recent statement by Sergey Lavrov, Russia’s Foreign Affairs Minister, he noted that the BRICS bloc is set to expand in 2024 with new members including the United Arab Emirates (UAE), Iran, and Saudi Arabia. He revealed that approximately…

Xi Jinping Vows No Hegemony in China’s Approach to US, Aiming for Stable Ties

[Nov 16, 2023 3:00 PM] On Wednesday, Chinese President Xi Jinping delivered a speech emphasizing China’s aspiration for harmonious ties with the United States. The Chinese head of state conveyed his vision of an enhanced “friendship in the new era”…

BRICS States Should Tackle AI Risks Together, Xi Jinping Says

[Aug 24, 2023 10:30 PM] BRICS nations should address the risks related to artificial intelligence (AI), Chinese President Xi Jinping said during the group’s summit in South Africa. China’s leader is also convinced that the members of the economic bloc must work to…

BRICS Leaders Declare Importance of Using Local Currencies in International Trade

[Aug 24, 2023 7:30 PM] The BRICS leaders stress “the importance of encouraging the use of local currencies in international trade and financial transactions” in their declaration released at the conclusion of their 15th annual summit. In addition, the BRICS nations…

Xi Jinping: BRICS to Forge Stronger Partnership, People Do Not Long for New Cold War or Small Exclusive Bloc

[Aug 23, 2023 7:30 PM] Chinese President Xi Jinping stated at the BRICS summit that “What people in various countries long for is definitely not a new Cold War or a small exclusive bloc.” He stressed that the BRICS group will expand and promote global multipolarity…

Xi Jinping, Vladimir Putin Advancing China-Russia Strategic Partnership, Says Chinese Official

[Aug 15, 2023 9:30 PM] Chinese leader Xi Jinping and Russian President Vladimir Putin “will continue to advance the China-Russia comprehensive strategic partnership,” according to China’s Ministry of Foreign Affairs. The two leaders are set to participate in next…

CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

[Aug 11, 2023 12:00 AM] The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a…

Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies

[Jul 4, 2023 7:30 PM] Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share…

Xi Jinping and Putin Discuss BRICS Cooperation With Brazil’s President

[May 26, 2023 8:00 PM] Chinese President Xi Jinping and Russian President Vladimir Putin engaged in phone conversations with Brazilian President Luiz Inácio Lula da Silva regarding their joint work within the BRICS group ahead of the economic bloc’s leaders’…

Chinese President Xi Jinping Says China Ready to Strengthen Cooperation With Russia

[May 24, 2023 8:00 PM] Chinese President Xi Jinping has stated that China is ready to strengthen cooperation with Russia. The two nations reportedly want to “develop and establish a bigger regional market” while ensuring “a more stable and robust global…

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

[Apr 29, 2023 12:00 AM] The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar…

French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming ‘Vassals’

[Apr 10, 2023 3:30 PM] Emmanuel Macron, president of France, clarified his position on the future of Europe and its relations with China and the U.S. in the short term. Returning from his visit to Beijing, Macron believes that Europe should avoid getting caught up in a…

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

[Apr 5, 2023 8:00 AM] An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S…

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

[Apr 3, 2023 2:30 AM] The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this…

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

[Mar 22, 2023 4:00 PM] As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam…

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization

[Jan 19, 2023 9:30 AM] After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi…