Business
China become number 1 trade partner of Africa
In this article, we delve into the burgeoning economic ties between China, a pivotal member of the BRICS bloc, and Africa, which have marked a significant milestone by achieving a trade volume of $282.1 billion in 2023. This figure not only underscores China’s role as Africa’s foremost trading partner but also illustrates a shift in…
Chinese Yuan Overtakes EURO!
As of September 2023, the Chinese Yuan has surpassed the Euro, securing its position as the world’s second-most utilized currency in SWIFT trade settlements, with a notable 5.8% share in international payments. This notable shift not only signifies China’s expanding economic influence but also underscores its strategic efforts toward the internationalization of its currency, greatly…