China and Russia have launched the “China Track,” a discreet payment system supporting $245 billion in trade while bypassing ...

Major Russian banks have set up a netting payments system dubbed "The China Track" for transactions with China, aiming to ...

"There is an opportunity for a big deal here, that the US is looking to rebalance to more manufacturing, the identity of that would be less consumption. "If China is serious on less dependence on ...

Exclusive-'China Track' Bank Netting System Shields Russia-China Trade From Western Eyes MOSCOW (Reuters) -Major Russian banks have set up a netting payments system dubbed "The China Track" for ...

There is an opportunity for a "big deal" between the US and China on trade, America's Treasury Secretary Scott Bessent has said. Asked about an upcoming meeting between the countries, Bessent said ...

The minimum cost of the "China Track" service, including commissions and exchange rate differences, is about 1% for imports and 0.5% for exports, compared with 2-4% outside the system and up to 12 ...