China News Daily Official TheBitTimes.com

China is offering BRICS members and other developing countries to avail loans in the Chinese yuan (RMB) with interest subsidies. The Communist country is looking to internationalize the local currency by promoting it in the form of loans. The loans can be disbursed to emerging economies for infrastructural projects, building airports, seaports, and railroads, among others. The move is strategic and China is pushing the Chinese yuan loans with interest subsides when BRICS and other nations are distancing themselves from the US dollar. The timing is ripe as geopolitical tensions are gripping the world die to tariffs and trade wars from the US. The campaign aims to facilitate trade and infrastructural developments making the Chinese yuan be used for projects. Also Read: BRICS Launching QR Code Payments To Avoid US Dollar Chinese Yuan Loans For BRICS With Interest Subsidies Source: AFP Pushing the Chinese yuan ahead in the form of loans from BRICS and other countries will reduce US dollar ...

The Shanghai Cooperation Organization (SCO) 2025 summit’s Global Mayor’s Dialogue is being held in China’s Tianjin city on Tuesday, July 15. The member countries are discussing steps on how to strengthen the alliance and ink new trade deals and policies. China is leading the summit with talks about making the bloc more efficient and improving the functioning of the alliance. India’s Foreign Minister S. Jaishankar met Chinese President Xi Jinping five years after the border standoff. Also Read: These 3 Things That May Accelerate The De-Dollarization Move SCO Countries Plan To Launch Digital Trading Platform & Sideline US Dollar: 2025 Summit Source: AFP During the SCO 2025 Summit, China discussed the prospects of establishing a new digital trading platform among member nations. The move is to bypass the US dollar for transactions and use the digital trading platform to strengthen the alliance. “We also hope to establish a convenient digital trade platform with SCO ...

US and China reach deal following intense London negotiations, with officials announcing a framework agreement to ease export curbs and preserve their trade truce. The breakthrough addresses market volatility and regulatory uncertainty that have been weighing on global investors right now. Commerce Secretary Howard Lutnick confirmed the deal tackles rare earth restrictions that were undermining the Geneva consensus reached last month. Also Read: 3 Stocks To Watch Out Today as US & China Trade Talks Resume Navigating Export Curbs, Market Volatility, And Regulatory Uncertainty Source: Watcher.Guru Framework Agreement Details Officials finalized the US & China reach deal during midnight talks at Lancaster House, and both sides are awaiting presidential approval at the time of writing. Commerce Secretary Howard Lutnick confirmed the agreement addresses export curbs that had threatened the trade truce between the two nations. Lutnick stated: “We have reached a framework to implement...