China News by Thebittimes.Com

A lot of chatter and banter is doing the rounds that BRICS will launch a new common currency in 2026. The common currency will then be used for trade among member nations and allow other countries to settle cross-border transactions. Several emerging economies are sitting on the sidelines and could jump on the bandwagon, ushering in a multipolar world. They aim to reshape global power and tilt financial domination towards emerging economies. India chairs the next BRICS summit, which will be held in the country’s capital, New Delhi, in 2026. Prime Minister Narendra Modi has already invited China’s President Xi Jinping to attend the 18th summit. Speculations are rife that BRICS could announce the launch of the new common currency in 2026. Also Read: Top BRICS Countries With the Highest Gold Reserves in 2025 BRICS New Common Currency a Reality in 2026? Source: Watcher Guru The alliance now commands significant weightage and is the only bloc to challenge Western dominance. After...

BRICS member China has increased its quota on foreign investments as the country is receiving an influx of funds from institutional clients. Foreign funds have been entering the Chinese stock market in 2025 as the US dollar’s DXY index has fallen to a three-year low. The Communist country is reaping the benefits of a weak USD by allowing more funds from abroad to enter its markets. Also Read: BRICS To Discuss Rare Earth Supply & Exports at 2025 Summit The State Administration of Foreign Exchange (SAFE) raised the forex quota to $170.9 billion for qualified domestic institutional investors. The previous quota stood at $167.8 billion and will come into effect from July 1, 2025. That’s an increase of $3.1 billion in foreign investments just a week ahead of the BRICS 2025 summit in Brazil. China Hikes $3.1 Billion Foreign Investments Ahead of BRICS 2025 Summit Source: Gina Sanders / Fotolia via Wodicka China is leaving no stone unturned to make its economy robust and stronger ah...