Yuan Clearing Bank Opens in Moscow as Russia, China Dump Dollar in Bilateral Trade

Yuan Clearing Bank Opens in Moscow as Russia, China Dump Dollar in Bilateral Trade

Moscow and Beijing took another step towards de-dollarization with the announcement of the opening of a renminbi clearing bank in Russia on Wednesday. Local currency transactions were first used in both countries’ border regions. Today, more and more Chinese and Russian financial institutes and enterprises are using local currencies to invest and settle accounts, as the yuan-ruble trade platform is…

The Upcoming Trade War Between the U.S. and China Will be the Biggest in the History of the Planet

The Upcoming Trade War Between the U.S. and China Will be the Biggest in the History of the Planet

The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides.  The Trump administration and the Chinese government are both gearing up for a prolonged trade war, and this is going to have very severe…

Could Great Wall of Iron become New Silk Roadblock?

Could Great Wall of Iron become New Silk Roadblock?

Taking extreme measures to fight Islamic influences in Xinjiang province could hurt the One Road, One Belt initiative When the hype surrounding the Trump-Xi summit turns into a Mar-a-Lago fact on the ground next month, both presidents are bound to agree fully on at least one issue: “radical Islamic terror” – as per Trump terminology. Donald Trump has…