Russia, China Plan to Expand Payments in National Currencies
Russia and China are planning to increase the volume of direct payments in mutual trade in their national currencies, according to a joint statement on a new stage of comprehensive partnership and strategic cooperation signed during high-level talks in Shanghai on Tuesday.
â€śThe sides intend to take new steps to increase the level and expansion of spheres of Russian-Chinese practical cooperation, in particular to establish close cooperation in the financial sphere, including an increase in direct payments in the Russian and Chinese national currencies in trade, investments and loan services,â€ť the statement said.
The two countries are also set to deepen dialogue on macroeconomic policy issues, as well as boost growth in mutual investment, including in transportation infrastructure, the development of mineral deposits, and the construction of budget housing within Russia....
Russia and China how very cosy of them to cooperate like this. I suppose they will take over the world soon. Now that the USA and the UK have allowed Liberalism to take over in their nations and therefore ditch all things "authority."
Ruling the world is just too expensive these days???
PS Democracy is a political shell game. Its a bit like believing that everybody is created equal.