MrBubble / Blog

The group of emerging economies have signed a contract to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar...

The multiyear-ascent of Chinese corporations supports and reinforces China’s continued rise in the global economy, and has helped the country gain clout among world leaders like Angela Merkel and Vladimir Putin, who visited China recently...