China-Saudi Boosts Yuan in Oil Trade

08/23/2024 WION News: A new report from S&P Global Ratings predicts that the deepening economic relations between China and Saudi Arabia will boost the use of yuan for oil purchases. China's promoting the Yuan is a stable alternative to the dollar which currently dominates global trade and finance. But the future adoption of Yuan in global oil markets will largely depend on how well Beijing can manage petroyuan related risks.
#petroyuan #Dedollarisation #saudiarabia #oiltrade #china
08/23/2024 世界一体新闻台：标普评级的一份最新报告预测，中共国和沙特之间经济关系的深化将推动人民币在石油购买中的使用。中共国正在推动人民币成为现在主导着全球贸易和金融的美元的稳定替代货币。但是，未来全球石油市场是否采纳人民币，在很大程度上取决于北京如何管理与石油人民币相关的风险。
#石油人民币 #去美元化 #沙特阿拉伯 #石油贸易 #中共国