Commentary Chinese leader Xi Jinping just completed a successful trip to the Middle East. There he stressed trade relations with oil-rich nations, especially Saudi Arabia. Xi also made clear a strong desire for oil contracts to settle in yuan and not, as usual, in dollars. He made no secret that his goal was to advance…
Beijing’s Dubious Yuan Dreams
January 3, 2023
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Business & MarketsBusiness ColumnistsChina's currencyOpinionprimary reserve currencyreplace the dollarthe YuanThinking About China
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