A closer look at China’s pledge to work to buy oil and gas in yuan

Middle East / By

By Pieter Cleppe At a visit to Saudi Arabia, Chinese President Xi Jinping told Gulf Arab leaders that China would work to buy oil and gas in yuan. According to Reuters, this is “a move that would support Beijing’s goal to establish its currency internationally and weaken the U.S. dollar’s grip on world trade.” President …

A closer look at China’s pledge to work to buy oil and gas in yuan Read More »