Category: BRICS bank

China’s $900 billion New Silk Road. What you need to know

Anna Bruce-LockhartEditor, World Economic Forum   You’ve probably heard of the Silk Road, the ancient trade route that once ran between China and the West during the days of the Roman Empire. It’s how oriental silk first made it to Europe. It’s also the reason China is no stranger to carrots. And now it’s being … Continue reading China’s $900 billion New Silk Road. What you need to know

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How Russia, China Brought Washington’s Plan to Destabilize Eurasia to a Halt

Although Moscow and Beijing have managed to upset the US plan to disrupt Eurasian economic integration, the US political elite is not going to give up, Ukrainian political observer Rostislav Ishchenko writes for RIA Novosti. He described how Washington might try to ruin the One Belt One Road comprehensive strategy   The Russo-Chinese rapprochement has … Continue reading How Russia, China Brought Washington’s Plan to Destabilize Eurasia to a Halt

The Eurasian Century Is NOW Unstoppable

The transfer of the geopolitical center of gravity to Eurasia is something the West will have to get used to   William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, “New Eastern Outlook” I recently returned from a fascinating two week speaking tour … Continue reading The Eurasian Century Is NOW Unstoppable

BRICS Bank Board of Directors Meet in Shanghai

Infrastructure financing needs of the five BRICS countries was discussed at the annual meet of the New Development Bank’s board of directors in Shanghai on Wednesday. The NDB was launched by the BRICS nations last year and is seen by its members as an alternative to the World Bank.

from The BRICS Post, Global Research:

On Wednesday, Chinese Vice Premier Zhang Gaoli said the new lender needs to attract more capital into infrastructure and boost greater economic cooperation between the BRICS countries.

“The BRICS nations and developing countries will have a greater say in global economic governance,” he said.

BRICS members like India and South Africa are struggling with infrastructure deficit.

Chinese Vice Premier Zhang Gaoli (C) poses for a group photo with the heads of foreign delegations before the opening ceremony of the First Annual Meeting of New Development Bank in Shanghai, east China, July 20, 2016 [Xinhua]

Chinese Vice Premier Zhang Gaoli (C) poses for a group photo with the heads of foreign delegations before the opening ceremony of the First Annual Meeting of New Development Bank in Shanghai, east China, July 20, 2016 [Xinhua]

India needs over $1.5 trillion in…

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BRICS Under Attack: The Empire’s Destabilizing Hand Reaches Into South Africa

OffGuardian

by Eric Draitser, via MintPressNews

Major protests have gripped South Africa in recent months as political forces have emerged to give voice to a growing discontent with the government and ruling party. Beneath the surface of these demonstrations organized around legitimate grievances, however, there’s an undercurrent of political manipulation.

South Africa and its ruling African National Congress (ANC) party have been targeted for destabilization due to the country’s burgeoning relationship with China and other non-Western nations, most obviously typified by South Africa’s inclusion in BRICS, the association of the five major emerging economies of Brazil, Russia, India, China and South Africa.

Last year, for example, China surpassed the United States and European Union as South Africa’s largest trade partner, and the ANC has been hard at work promoting further trade cooperation. Answering questions in the National Assembly, Deputy President Cyril Ramaphosa explained: “We trade more effectively with China because…

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