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China Central Bank on Saturday announced a rate cut in interest rates effective March 1. The People’s Bank of China (PBOC) has cut 1-year lending, deposit rates by 25 basis
GDP growth for 2015-16 is seen at between 8 - 8.5 per cent.
Russia foreign policy advocates collective efforts in solving global crises, says Sergei Lavrov.
The West must take the real security concerns of Russia into consideration, said China's envoy to Belgium.
First South African income tax hike in 20 years receives muted reaction.
The BRICS combined GDP grew 300 per cent in the last decade as opposed to 60 per cent growth registered by the developed world.
Trade between the two countries has increased 35 times, from $6.37 billion in 1992 to $230 billion in 2013.
Government expenditure will be cut by R25 billion over the next two fiscal years.
China's economy grew 7.4 per cent in 2014, still among the fastest in the world.
BYD plans to invest $400 million in Brazil by 2018.
