GCIS INTELLIGENCE BRIEFING: BRICS Make Move to Shove Dollar Aside

 

ISSUED BY: GCIS Communications Command Center

SOURCE: Yahoo Finance

18April2011 12:08pmEST

GCIS INTELLIGENCE UPDATE:  China and four other leading high-growth economies have taken landmark steps toward lowering the importance of the dollar in international financial transactions — part of a seminal shift in the move towards a multicurrency reserve and trading system.

Mind you, you wouldn't get an idea of anything dramatic from reading the official Chinese press on the conclusion of a summit meeting of the so-called BRICS economies (Brazil, Russia, India, China and South Africa) in the southern resort twin of Sanya in southern China last week.

"Leaders call for peace and prosperity" was the front-page headline in the China Daily. Stirring stiff. Even more striking was the prominent story the previous day that China's President Hu Jintao and visiting Brazilian President Dilma Rousseff had agreed to quicken trade procedures for "gelatin, corn, tobacco leaf, bovine embryos and semen." At least we know there's no holding back the Chinese rhetorical flourishes on these issues. (read full report)

"GCIS INTELLIGENCE UPDATE" is an intelligence briefing presented by Griffith Colson Intelligence Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, it's partners or affiliates. All opinions presented are those of the author, and not necessarily those of GCIS or it's partners.

GCIS INTELLIGENCE BRIEFING: China’s Military Self-Assurance

 

ISSUED BY: GCIS Communications Command Center

SOURCE: The Diplomat

05April2011 3:00amEST

GCIS INTELLIGENCE UPDATE:  Assessing China’s domestic achievements and reviewing the international lay of the land last October, President Hu Jintao declared to the Chinese Communist Party’s Central Committee that the country was still in a period of ‘strategic opportunity.' Almost six months later, and it’s clear from the latest defence white paper that military planners agree.

The paper, released Thursday, places significant emphasis on the importance of China’s growing economic prowess. There is inevitably the familiar lament over US arms sales to Taiwan, the United States’ involvement in the Asia-Pacific and the reinforcement of US military alliances in the region. But the watchword in what is an extremely upbeat assessment of the country’s national strength is ‘economy.’ This isn’t to say that China isn’t fully aware of the perceived threat that its unprecedented economic growth has created – it’s clear from the paper and elsewhere that it is. But it’s also hardly surprising that China is feeling ever more confident after successfully weathering the turbulent economic waters that the global economy has faced in recent years. (read full report)

"GCIS INTELLIGENCE UPDATE" is an intelligence briefing presented by Griffith Colson Intelligence Service, and provided to the public for informative purposes only. All subject matter is credited to it's source of origin, and is not intended to represent original content authored by GCIS, it's partners or affiliates. All opinions presented are those of the author, and not necessarily those of GCIS or it's partners.