... the largest, but also the most influential union in Eurasia
The G7 summit in Quebec (Canada) and the SCO summit in Qingdao (China) took place at almost exactly the same time and once again clearly demonstrated the ever growing multipolarity of global ... ... expanded composition. This was due to significant deepening of the SCO’s geopolitical dimension following the accession of India and Pakistan last year, whose leaders first took part in the organization’s activities at the Qingdao summit. As a result ...
... COP-10 meet their voluntary goals of dramatically reducing carbon emissions by that time.
Back in 2012 when still at Goldman Sachs, Jim O'Neill, the creator of the BRIC (now BRICS) model, predicted that the combined GDP of eight countries-- China, Russia, India, Brazil, Turkey, Mexico, South Korea and Indonesia-- will account for about a third of the world economy by 2020. The G7 countries – Germany, the United States, Japan, Great Britain, Canada, France and Italy – will account for just over ...
... for Russian ore and steel, notably at the expense of producers in India.
Meanwhile state and parastatal companies based in China and Hong Kong use clever methods to dominate world iron ore and crude steel production and their logistics. To assume that Chinese executives do not discuss price and logistics issues with their Russian, Japanese and South Korean and Indian neighbors on an occasional back channel basis would be a mistake.
The BRICS, a weak alliance fostered by “global governance”.
The risks and rewards in iron ore and steel are in the hundreds of billions of dollars and do not include ...
