BRICS keeps expanding. As a new full member, it added Indonesia, the 4th most populous country with the 7th largest economy on Earth. BRICS now has 10 members and 8 partners. Together they make up 41.4% of global GDP (PPP) and roughly half the world population. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=tIDWOWHW-cU
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Jul 1
Dedollarization: How Iran challenges US dollar dominance and the petrodollar system
Iran has used its status as a leading oil and gas producer to promote dedollarization, rejecting the US dollar and trading with China, Russia, India, and other BRICS members in their national currencies. Ben Norton explains the Western economic war on Iran, and Tehran's response. ... Show More
24m 1s
Sep 2024
Is China helping Africa realise its potential?
China is now Africa’s biggest trading partner, with 20% of exports going to China and 16% of imports coming from there, according to the International Monetary Fund (IMF). At the 9th Forum on China-Africa Cooperation (FOCAC) meeting earlier this month, President Xi Jinping promis ... Show More
19m 26s
Aug 2024
Why China Is Risking a Trade War
Faced with stagnating economic growth, Chinese leader Xi Jinping decided to go all in on manufacturing and exporting. But, as Lingling Wei reports, the increase in low-cost Chinese goods is squeezing businesses around the world and raising the specter of a new trade war.
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19m 29s
Apr 25
China exemptions, India-Pakistan, DOGE and "Vladimir, STOP!"
Beijing has exempted some U.S. imports from its 125% tariffs. U.S. President Donald Trump says a Ukraine peace deal is 'close' as he calls on Russia's President Vladimir Putin to 'STOP'. India's army chief is in Kashmir after a deadly attack on tourists has ratcheted up tensions ... Show More
12m 20s
Jul 2024
China Is Exporting Unemployment | Michael Pettis on Global Trade Imbalances, American Capital Controls, and the End of The Chinese Growth Miracle
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Follow Michael Pettis on Twitter https://x.com/michaelxpettisFollow VanEck on Twitter https://x.com/vaneck_usFollow Jack Farley on Twitter https://t ... Show More
1h 31m
Apr 18
Tariffs, tensions, and trade: Trump’s gamble on China
Two weeks after Donald Trump’s sweeping tariff announcement shook global markets, he has now offered most countries a 90-day reprieve—while simultaneously escalating trade tensions with China by imposing harsher penalties. So far, China has responded by matching each tariff hike ... Show More
30m 26s
Jun 7
China's dominance in critical minerals
Decades ago, China foresaw what the U.S. didn't - a future dependent on critical minerals. Now, the U.S. is playing catch up as China’s export controls threaten global supply chains. Join Laurie Chen, Ernest Scheyder and Jarrett Renshaw to hear the latest on critical minerals, pa ... Show More
18m 48s