Traders see a growing potential for local currency settlements in trade, especially between China and Russia under the BRICS (Brazil, Russia, India, China and South Africa) framework, as the countries are seeking alternatives to chip away at dollar dominance.
2021-01-01 09:41 By: Xinhua
Workers from China and Russia shake hands after the two ends of the Blagoveshchensk-Heihe highway bridge were joined together on May 31, 2019. (Xinhua/Wang Jian)
BEIJING, Dec. 31 (Xinhua) Chinese President Xi Jinping said Thursday that he stands ready to maintain close contact with his Russian counterpart, Vladimir Putin, in various forms in a bid to lead their countries towards deeper comprehensive strategic coordination and practical cooperation in various fields.
Xi made the remarks when exchanging New Year congratulations with Putin, adding that in doing so, greater benefits will be brought to the two peoples and more positive energy injected into the turbulent and changing world.