BRI loses momentum; US gains
By Antonio Graceffo China’s Belt and Road Initiative (BRI) is losing its luster, paving the way for enhanced US diplomatic and economic engagement as a BRI alternative. Chinese President Xi…
BRICS Expansion Makes China’s Clout Look Enlarged But Not A Real Threat to the US
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 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…
BRICS Currency Is Unlikely — The Dollar Remains the World’s Currency
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…
Economics as a Weapon of War: Ukraine, China and Beyond
By Antonio Graceffo Apply this economic, peaceful, silent, deadly remedy and there will be no need for force. It is a terrible remedy. It does not cost a life outside of…
Economic derailment prices Mongolians out of family life
By Antonio Graceffo “Economic crises. Low income. Inflation, unemployment, gasoline price hikes ... many Mongolian families are affected mentally and physically. As a result, a lot of people are leaving Mongolia to…
The US Dollar Isn’t Going Anywhere
By Antonio Graceffo China, Russia, and other countries want to drop the U.S. dollar, but there is no alternative. In recent weeks, Chinese state media, cryptocurrency media, and other non-mainstream…
Analysts Still Cautious on China’s Economy
By Antonio Graceffo The Chinese economy has rallied since the termination of COVID-19 lockdowns, but the recovery may be short-lived as global demand wanes and systemic domestic economic problems persist.…
Saudi Arabia Reluctant to Accept Chinese Yuan for Oil
Beijing attempts to internationalize the yuan By Antonio Graceffo Saudi Arabia is unlikely to accept the Chinese yuan for oil despite strengthening ties with China. On Dec. 8, Saudi Arabia…
China-Led BRICS Alternative Cannot Replace the Dollar
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,…