China's economy in crisis, on the brink of collapse? (www.lemonde.fr)
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cross-posted from: lemmy.zip/post/1891336...
Addition of KSA, UAE, Iran means share has doubled to 42% of crude oil output in 2022. "Saudi pricing oil exports to China and India in non-dollar currencies does not spell the end of the dollar as the international currency of choice,” says ING. Trade within bloc makes trade hard to sanction by West.
India has imposed restrictions on the export of basmati rice, following the imposition of a 20% duty on parboiled rice. The government has set a minimum export price of $1,200 per ton for basmati rice shipments. Contracts below this price will be put on hold and evaluated by a committee.
I haven’t seen a lot about the background to this dispute, so I thought people might be interested. This was published soon after the final, before the forcible kiss became a scandal.
cross-posted from: lemm.ee/post/5780512...
cross-posted from: lemmy.zip/post/1806644...