BRICS - China Econ Group

BRICS Expansion Makes China’s Clout Look Enlarged But Not A Real Threat to the US

By Antonio Graceffo February 16, 2024World

By Antonio Graceffo After the BRICS Summit in August, it was announced that the current members — Brazil, Russia, India, China, and South Africa — had invited six more countries to…

BRICS and the Currency Wars

By Antonio Graceffo December 21, 2023Blog

By Antonio Graceffo Talk of expanding BRICS membership and de-dollarization is gaining traction, but enlarging the group or ditching the dollar remains elusive. Recently 19 countries, among them Saudi Arabia and…

Brazil’s Lula and China’s Xi: A CCP-Led World Order

By Antonio Graceffo October 26, 2023World

By Antonio Graceffo From Ukraine to Taiwan and ditching the dollar, Brazil is on board with the new communist China-led order. On April 14, Brazil’s leftist president, Luiz Inacio Lula…

BRICS Currency Is Unlikely — The Dollar Remains the World’s Currency

By Antonio Graceffo October 14, 2023China

by Antonio Graceffo Both China and Russia, along with other countries, have long resented the hegemony of the U.S. dollar, which accounts for about 90% of all currency trading, just under 60% of all…

Brazil-China Yuan Trade Deal Not a Game Changer

By Antonio Graceffo October 1, 2023Blog

By Antonio Graceffo According to a statement by the Brazilian government, Brazil and China reached an agreement on March 29 to conduct trade in their own currencies rather than the U.S. dollar.…

China-Led BRICS Alternative Cannot Replace the Dollar

By Antonio Graceffo June 26, 2022Blog

China and Russia want to either use BRICS currencies to settle international trade or use a basket of BRICS currencies. Both plans are preposterous, because the Brazilian real, Russian ruble,…