Breaking: Petrodollar Cracks: Saudi Arabia Considers Accepting Yuan For Chinese Oil Sales

[Viet]

Yuan not fully convertible is a misnomer or deliberate scandalization. Every day billions of Yuan are traded everyday. There are offshore centers in HK and UK.

Problem of Yuan is you cannot press a button and ship overseas from China, millions of CNY to another account without physical goods changing hands.

The anti money laundering, wealth flight polcies are deems "non fully convertible" by all western fake news outlet.

The yuan will become convertible its not if but when. China can decide it.

I think Ccp delays it because she thinks China is not ready.

 

[Beast]

Democracy and B-52 bomber are coming for Saudi.

 

[retaxis]

People always looking for the next America but there will not be a next America. The world is going multipolar and of course china will dominate some fields in the future but China does not want to be US with 700 military bases around the world

 

[Song Hong]

A good idea is to use Asian Development banknotes instead of national currency as reserve currency. The minting tax can be distributed across member states.

 

[MH.Yang]

People always looking for the next America but there will not be a next America. The world is going multipolar and of course china will dominate some fields in the future but China does not want to be US with 700 military bases around the world

Yes, this is the biggest difference between the Chinese people and the people of other countries.
I can always find that many foreigners acquiesce that the world will have the next America, which is actually their The psychology of admiring the strong. They are always eager for the strong to lead them forward, which is a common consciousness among theists.
But the Chinese people default that the world should move towards multipolarization, and each country should find its own way and be responsible for itself. The Chinese are atheists, we believe that everyone is strong.

 

[VikingRaider]

It makes perfect sense as Saudi buys nearly 30 billion US dollar worth of Chinese goods every year.

Rather than use the US dollar as a middle-man they can use each other's currencies directly in trade.

IMHO, USD is the primary weapon of imperist power to blackmail other countries.

So if it's dominace really reduce , we will see a new free world order with balance of power, that is absent after abolition of USSR!

 

[Titanium100]

Muhammad Bin Salman at the great wall of China (Pictures from last year)

MBS gracing the wall with his greatness. Time to help China advance and send few advisors to help them to get out of the siege mentality

 

[Qutb-ud-din-Aibak]

MBS gracing the wall with his greatness. Time to help China advance and send few advisors to help them to get out of the siege mentality

What do you mean by helping?

 

[Titanium100]

What do you mean by helping?

The chinese lack experience and gamesmanship in hegemony building as they are to hesitant and isolations.. They need forward thinking advisors which MBS can bestow upon them

 

[Qutb-ud-din-Aibak]

The chinese lack experience and gamesmanship in hegemony building as they are to hesitant and isolations.. They need forward thinking advisors which MBS can bestow upon them

The Chinese are more isolations by default but it doesn't mean they lack experience

 

[Titanium100]

The Chinese are more isolations by default but it doesn't mean they lack experience

They lack experience and alot of it and extremely hesitant at times which can be stragetic patience but it could hurt them at the same time

 

[beijingwalker]

US TV reporter in rage, blaming Biden administration for this milestone failure​

Saudi Arabia considers ditching the dollar for Chinese oil sales​

 

[QWECXZ]

Nonsense
Sanctioning a central bank is the most powerful tool ever. Russia is cut off from dollar system.
By the way it’s not only from dollar Russia is cut off from yen, sterling, euros.

With due respect, you don't know what you are talking about.

 

[K_Bin_W]

US TV reporter in rage, blaming Biden administration for this milestone failure​

Saudi Arabia considers ditching the dollar for Chinese oil sales​

A good move by the Saudis if they follow up - A good step in the right direction, Cannot have all the eggs in one basket.

 

[mmr]

Why ppl talking about religion here.