Issue, Bonds

This is by far the biggest story of the year. 

The eight members of the Shanghai Cooperation Organisation have decided to conduct bilateral trade and investment, and to issue bonds, in local and national currencies rather than in US dollars.

They are China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. That is very nearly half of the human population of the world.

The Centre is the new think tank for this new era. Please give generously.