China Says BRICS to Unveil Steps to Curb Dollar Dependence

China said on Saturday that the BRICS consortium will "soon" introduce measures aimed at reducing the bloc’s reliance on the U.S. dollar in trade and financial transactions. Beijing did not provide a detailed timetable or specify the instruments under consideration, but indicated that the initiative has the backing of all five member economies. The announcement comes as the group seeks to deepen economic cooperation and build alternative payment and settlement frameworks.