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Russian President Vladimir Putin on Wednesday held bilateral talks with his Chinese counterpart Xi Jinping in Ufa on the sidelines of the 7th BRICS Summit. “The two presidents exchanged views
China's stock market has been in a downward spiral since hitting a peak in June, with the benchmark Shanghai Composite Index shedding more than 30%
The finance chiefs also discussed the key points incorporated in the Leaders Declaration that will be unveiled at the end of the 2-day summit in Russia.
China is adding cash to the financial system to keep borrowing costs from climbing as banks hoard funds to meet quarter-end regulatory requirements.
China’s policy makers are seeking to boost the currency’s convertibility and global use.
SCO leaders will meet the heads of state from the five BRICS countries in Ufa this week.
Chinese officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash.
On Thursday, the China Securities Regulatory Commission (CSRC) said it will investigate suspected manipulation of the stock market.
Brazil's Vale is the world's biggest supplier of iron ore.
