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.
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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
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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
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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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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
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