petrodollar

New Business

China’s yuan on the rise in oil trade, but petrodollar here to stay: report

The expansion of China’s digital yuan and financial technology are helping to boost yuan settlements in the crude trade and…

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New Business

As China-Saudi ties develop, so will cross-border yuan use, ratings agency says

A deepening of economic relations between China and Saudi Arabia will advance the use of the yuan for oil purchases,…

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