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Carmen Russell-Sluchansky

Carmen Russell-Sluchansky

Syria to Join the Growing Trend of De-dollarization

Syria to Join the Growing Trend of De-dollarization

The Lede: The Syrian President, Bashar al-Assad, has advocated using the Chinese yuan instead of the U.S. dollar for international transactions, aligning with the BRICS nations' efforts to move away from the currency in response to the sanctions imposed by the U.S. and its allies on Russia

Investor Confidence in China Shaken as Foreign Investment Declines

Investor Confidence in China Shaken as Foreign Investment Declines

The Lede: Foreign investors pulled out of Chinese stocks in April, marking the first monthly outflow since the country reopened its borders in December after years of strict COVID-19 restrictions. This setback comes amidst escalating geopolitical tensions and growth concerns, as China struggles to restore investor confidence. What we know:

Foreign Companies and Employees Worried by Latest Chinese Probes

Foreign Companies and Employees Worried by Latest Chinese Probes

The Lede: A probe of Bain & Company is the latest in a series of actions taken by Chinese authorities on foreign companies and employees operating in China. What We Know: * Chinese police have questioned the staff of U.S. consultancy Bain & Company at their Shanghai offices. The parties

Montenegro Plans New Highway Construction Deal with China

Montenegro Plans New Highway Construction Deal with China

The Lede: Montenegro has chosen Chinese companies to build a new highway after controversy surrounding a previous major highway project. What We Know: * Montenegro has signed a memorandum of understanding with a Chinese consortium and awarded a contract for the construction of a $59 million highway connecting the coastal town

Argentina Shifts Payment Method for Chinese Imports from US Dollar to RMB

Argentina Shifts Payment Method for Chinese Imports from US Dollar to RMB

The Lede: Argentina plans to use the Chinese renminbi (RMB) instead of U.S. dollars to pay for Chinese imports as part of a shift away from the world’s primary reserve currency. What we know: * Sergio Massa, the Economy Minister said at a press conference in Buenos Aires that

China Unveils New Trade-Boosting Measures to Counter Weak Global Demand

China Unveils New Trade-Boosting Measures to Counter Weak Global Demand

The Lede: China’s cabinet issued a plan for policies to shore up its trade and exports amid falling global demand. What We Know: * Responding to concerns among Chinese officials after exporters reported a lack of orders and warnings of a steeper trade slump, the State Council (cabinet) has issued

Xi and Zelensky Discuss Bilateral Relations, Peace Process in Phone Call

Xi and Zelensky Discuss Bilateral Relations, Peace Process in Phone Call

The Lede: Chinese President Xi Jinping made a phone call to Ukranian President Volodymyr Zelensky, the first since Russia invaded. What We Know: * Xi called at the invitation of Zelensky after some world leaders urged China to exert its influence to bring an end to the Russian war in Ukraine.