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In 2018, during Russian president Vladimir Putin's visit to Beijing, Russia-China Investment Fund and CCT announced agreement to establish a US$1 billion "industrial investment fund". [ 10 ] In March 2024, CCT issued a 1 billion yuan 30-year bond with a 3.35% coupon rate, with the proceeds being used to repay existing debt.
The Russia-China Investment Fund (Russian: Российско-Китайский Инвестиционный Фонд, Chinese: 中俄投资基金), abbreviated as the RCIF (РКИФ), is a bilateral cooperation fund created by the Russian Direct Investment Fund and the China Investment Corporation to invest in opportunities linking Russia, the Commonwealth of Independent States, and China.
A Russia-China AI partnership could raise concerns over censorship, among other issues. Russian President Vladimir Putin continues seeking to expand his challenge of the West's order — this time ...
In June 2012, RDIF and China Investment Corporation (CIC) established the Russian-Chinese Investment Fund. [2] On 2 June 2016, President of the Russian Federation Vladimir Putin signed Federal Law on the Russian Direct Investment Fund changing the status of RDIF. According to the law, RDIF became the sovereign wealth fund of the Russian ...
After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in international transactions and relied more on China’s yuan ...
MOSCOW/BEIJING (Reuters) -Russia and China have agreed to discuss ways to deepen security co-operation across Europe and Asia to counter attempts by the United States to impose its will on the ...
BRICS Tower headquarters in Shanghai. The term BRIC was originally developed in the context of foreign investment strategies. It was introduced in the 2001 publication, Building Better Global Economic BRICs by Jim O'Neill, then head of global economics research at Goldman Sachs and later Chairman of Goldman Sachs Asset Management.
China and Russia wrapped up a bumper year of cooperation with an annual year-end meeting in which the two vowed to deepen ties across a range of issues as record trade between them surged past a ...