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China settled trade worth 6.11 trillion yuan (equivalent to $855 billion) with BRICS members during the first half of 2025. The trade volume among member and partner countries increased by 3.9% year-on-year in January to June this year. The development signals a major shift where the alliance is working closely with member nations for cross-border trade and transactions. Apart from BRICS countries, China has also proposed to establish a new digital trading platform with SCO countries. The proposal was announced in the ongoing SCO Global Mayors Dialogue in China’s Tianjin city on Tuesday. The significant changes could affect the US dollar as the digital trading platform could bypass the USD for payments. Also Read: BRICS Bank Increases Loans in Local Currencies, Covers 25% of Lending BRICS Member Nations Settle $855 Billion Worth of Trade With China in the First Half of 2025 Source: Mast Irham / AFP Lu Daliang, the Director of the Statistics and Analysis Department of the General ...

Markets flash green right now as major cryptocurrencies and stocks rally following the recently eased US-China trade tensions. Arthur Hayes’ crypto prediction to “buy everything” has certainly sparked some optimism as Bitcoin’s price surged, while the broader crypto market recovery also gained momentum. The US-China trade deal has definitely got markets flashing green across both traditional and digital assets at the time of writing. Also Read: BlackRock & SEC Clash Over Cardano’s Aggressive Pivot Crypto Sentiment Shifts As Hayes, China Deal Spark Price Rally Source: FP US-China Trade Deal Ignites Market Optimism Markets flash green after the United States and China reached a significant trade agreement just yesterday. Beijing has reduced duties on U.S. goods from 125% to 10%, while Washington also decreased tolls on Chinese imports to 30% from 145%. These reductions will take effect May 14 and last for 90 days, according to an official White House statement rele...

The US dollar collapse is happening right now, according to economist Peter Schiff’s recent and rather alarming warnings. His assessment highlights some pretty serious concerns about America’s financial stability in the midst of increasing market volatility and, well, the dollar’s gradually weakening position in global markets. Also Read: US Banks Can Now Custody Customer Crypto, OCC Says Schiff’s Insight on US Dollar Collapse, Market Volatility, and Security Risks Source: Watcher Guru Fed Policy Dilemma On May 6, Schiff shared his rather stark US dollar collapse prediction through social media platform X, and his message was certainly not reassuring for investors worried about security risks. Schiff stated: “The U.S. dollar is about to free fall and gold will soar to heights few can imagine. The only way to end America’s massive trade imbalance is to end the dollar’s role as the global reserve currency.” The U.S. dollar is about to free f...

In 2025, the trade tensions between China and the US have intensified to unprecedented levels. President Trump’s recent imposition of 125% tariffs on Chinese imports has sparked some serious questions about China’s ability to withstand economic pressure compared to the 2018 conflict. Also Read: Sanctions on Russia Are Rapidly Accelerating De-dollarization How China’s Economic Strength and Trade Policies Have Evolved in 2025 Source: AP Photo/Mark Schiefelbein China’s Strategic Preparation Since the first trade war in 2018, China has been preparing for potential renewed conflicts. At the time of writing, these preparations are being put to the test in the ongoing Trade war. Marc Lanteigne, China’s expert at The Arctic University of Norway, states: “China has had a lot of time to prepare for a resumption of the trade war. They were caught a bit off-guard in 2018.” Unlike other nations, China responded immediately to Trump’s initial tariffs wi...

India and China, two of the world’s leading nations and prospering economies, are now doubling down on gold. Over the past few years, both nations have been noted for diversifying their holdings in the yellow metal specifically, showing a new pattern of adoption when it comes to embodying skilled asset management. Also Read: XRP Price Struggles Below $2.2—What’s Next for the Week Ahead? India And China Are Doubling Down On Gold Source: Pexels Per a recent post by the Kobeissi Letter, India has managed to amp up its gold reserves to a new high. Per KL, India’s gold reserves are currently valued at $70.9 billion. Over the last 10 years, India has been closely following a pattern of diversifying its assets into gold all while reducing its dependence on US Treasury bonds. China, on the other hand, is also following a similar pattern. The KL post outlined how China has also been showing rising interest in the precious asset and has been accumulating the yellow metal at a rapid pace. Over th...

For the first month of the year, the stock market has clearly been cautious regarding Apple. The iPhone developer has failed to live up to its market value and has been ragging relative to the competition. Yet, despite Apple (AAPL) seemingly losing pace with the overall tech sector, experts say that China holds the keys to changing everything. The company has struggled with a plethora of bad news abounding its operations in 2025 so far. Moreover, with US President Donald Trump implementing a series of tariffs abroad, it is facing increased questions. However, there could be a turnaround coming, and its potential lies in the hands of that key market. Source: Reuters / Wang Jiawei / File Photo Also Read: Apple: Warren Buffett’s Berkshire Hathaway to Sell $25B in AAPL in Q4 Apple Being Outpaced in Tech Sector as Experts Point to China as Potential Turning Point Earlier this month, Wall Street analysts were shocked by giving Apple a $184 price target. That projected the stock would remarka...

The BRICS alliance is working on the formation of a new currency to challenge the US dollar’s global prospects. The bloc aims to dethrone the US dollar from the world’s reserve currency and usher into a new financial era. The bold idea is pushed most by members China, Russia, and Iran, as their economies are hampered by the US. The White House pressed sanctions on Russia and Iran and both countries are seeking an alternative currency. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 On the other hand, China seeks global domination through BRICS and the launch of a new currency will boost its prospects. On the contrary, India is against the idea as their leaders have openly supported the US dollar. India’s Foreign Minister S. Jaishankar repeatedly said that they need the US dollar and will not sideline it for trade. The statement highlights the stark differences and ideas among the member nations of the nine-country alliance. Also Read: BRICS: US Dollar Rem...

1. Chinese Stock and Bond Markets Surge, CNY Reaches 16-Month High Against the Dollar link On Tuesday, China’s central bank announced its largest stimulus measures since the pandemic began, aiming to lift the economy out of deflation and return to government growth targets. The measures include reducing borrowing costs, injecting more funds into the economy, and alleviating the mortgage repayment burden on households. As a result, Chinese stock and bond markets rose, with Asian stocks hitting a two-and-a-half-year high. Additionally, the renminbi surged to a 16-month high against the US dollar. 2. Harris Commits to Establishing U.S. Dominance in the Blockchain Sector link During a speech at the Pittsburgh Economic Club on Wednesday, U.S. Vice President Kamala Harris stated that under her leadership, the U.S. will “recommit” to maintaining global leadership in defining the next century, emphasizing the need to dominate fields such as artificial intelligence, quantum computing, blockchai...

The Metaverse development plan requires various municipalities to track NFT technology trends and integrate metaverse into education and tourism. The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan. The development action plan refers to the Metaverse as a new generation of information technology integration and innovation that would drive the growth of the internet towards Web3. The innovation plan focuses on promoting the development of metaverse-related industries and helping Beijing build a benchmark city for the digital economy. The action plan demands that various districts build technological infrastructure at a city level and promote its use in various fields, including education and tourism. The development program would see the Integration of technical means such as 3D visualization and GIS (Geographic Information System) to...

Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month. India’s Finance Minister, Nirmala Sitharaman, stated that regulation “cannot be done” by a single country, it requires “collective action,” in a recent television interview. Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that while the central bank is the “authority for issuing cryptocurrency,” the rest of the digital assets created outside are “using very useful financial technologies.” Sitharaman said that India is looking at a "global" standard operating procedure (SOP) to be “agreed upon” for regulating crypto assets, ahead of India hosting the G20 Finance Ministers and Central Bank Governors meeting in Bengaluru later this month. She suggested that crypto regulations will only be effective if there is global consensus on them. She noted: “Regulation cannot be done by any one c...