China
China-Ruble Settlement and the Dollar System
The Peoples’ Bank of China has just announced a payment-versus-payment (PVP system for Russian ruble and Chinese yuan transactions. The stated aim is to reduce currency risks in their trade. The only conceivable risk would be from...
“New Energy Vehicles”: Can China Break Big Oil’s Global Order?
In the antebellum south of the United States, the planation owning slaveholders kept their power because of an economic order summed up by the slogan “Cotton is King.” In today’s international order, a small clique of western monopolists...
EU is About to Put an End to China's Carefree Shopping Spree
In late August, German Federal Minister of Economic Affairs and Energy, Brigitte Zypries issued an official letter to the President of the European Commission Jean-Claude Juncker in which she...
