Free Republic

Chinese planners are once again taking aim at the dollar. On June 17, the governor of the People’s Bank of China unveiled a fresh blueprint to pull the world’s financial streams into the Chinese yuan, including pilot schemes for offshore yuan trading and new swap lines for central banks. Expect the usual chatter about de-dollarization to hit fever pitch ahead of the annual BRICS summit in September in New Delhi, where China and Russia are likely to push for their de-dollarization cause. Over the past decade, Beijing has made genuine progress in building alternative financial channels across three fronts: trade...

On the eve of the one-year anniversary of Russia’s invasion of Ukraine, China has called for a cease-fire between the two sides and for peace talks to commence as part of a 12-point plan to end the war. On the eve of the one-year anniversary of Russia’s invasion of Ukraine, China has called for a cease-fire between the two sides and for peace talks to commence as part of a 12-point plan to end the war. China’s Foreign Ministry revealed the plan on Friday, Beijing time, and also called for the end of Western sanctions on Russia, measures to ensure...