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Five banks of the BRICS Interbank Cooperation Mechanism (ICM) have agreed to establish local currency credit lines and develop cooperation on credit ratings in
by ForFreedom 9y ago
Five banks of the BRICS Interbank Cooperation Mechanism (ICM) have agreed to establish local currency credit lines and develop cooperation on credit ratings in the run-up to the forthcoming BRICS summit in China.
So the entire East part of the world will trade with China
- drawkbox 9y agoThey are building the New Silk Road [1]. This is part of the reason South China Sea is so hot, 2/3rd of world trade goes through there. Also the reason we haphazardly threw together the TPP which was not as generous to trading partners as China's deal which includes tons of investment to partner countries. We in the US have to get better at remembering how we helped re-build countries after WWII, we need to understand that economics wins all wars again. We need to get the authoritarians out of power that don't believe that. China gets it all too well. Extremism is rooted out when people have comfort from a good economy. [1] http://www.npr.org/sections/parallels/2017/05/16/528611924/for-chinas-new-silk-road-ambitious-goals-and-more-than-a-few-challenges http://www.npr.org/sections/parallels/2017/05/16/528611924/f...
- ForFreedom 9y ago>We in the US have to get better at remembering how we helped re-build countries after WWII In the interest of the US