Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.
Lack of detail on a crucial economic policy meeting, along with other messaging that indicates emphasis on political cohesion, suggests growth and recovery are still not top of mind for China’s leadership.
This week marks 60 years since Paris established diplomatic ties with the People's Republic of China, a move that made France the first major Western country to formally recognise the communist regime.…