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Trade between China and Iran has dropped sharply, showing a major slowdown in business between the two countries. New data from China’s General Administration of Customs shows that total trade turnover declined by 56.7%.
During the latest second-quarter reporting period, Chinese imports of Iranian goods were worth around $415.5 million. This large decline has raised questions about regional trade strength and future economic cooperation.
At the same time, global attention is turning toward the upcoming BRICS Summit in New Delhi. Reports suggest that China, Russia, and Iran may push for stronger de-dollarization efforts. This means reducing the use of the US dollar in international trade and using local currencies instead.
Many analysts believe countries are looking for new ways to trade outside the dollar system, especially after recent sanctions and global economic pressure.
Despite the drop in current trade numbers, future partnerships between these nations could still grow if new payment systems and trade agreements are introduced.
The next BRICS meeting could become an important moment for global markets, currencies, and international trade strategies.
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