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China, Saudi Arabia Ink Local Currency Swap Agreement
The People's Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum, according ...
Oil Prices Dip As Demand Concerns Loom Over US And China
Oil prices faced a setback on Monday, reversing their recent Friday rally, as mounting concerns about waning demand in both the United States and China took a toll on market sentiment. Brent crude futures for January dipped by 0.4%, down 35 ...
Chinas Development Funding for Pakistan: 98% Loans, 2% Grants
The China-Pakistan Economic Corridor CPEC, a global infrastructure and investment initiative by Beijing, was launched in 2013. It is thought to be the largest partnership of Chinas Belt and Road Initiative BRI. It increased to over USD 62 billion over time, and at least USD 25 billion was invested in cash-strapped Pakistan....
Unraveling the Correlation: Chinese Economy and Global Crude Prices
China, being the largest global energy consumer, holds significant influence over the international crude market. As such, fluctuations in China's Gross Domestic Product (GDP), which reflects its economic health, can have a profound impact on this market. Let's delve into understanding ...
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