China Calls for Oil Trade in Yuan at Middle East Summit | Developing | Dawn News English

President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing’s goal to establish its currency internationally and weaken the US dollar’s grip on world trade.

Xi was speaking in Saudi Arabia where Crown Prince Mohammed bin Salman hosted two “milestone” Arab summits with the Chinese leader which showcased the powerful prince’s regional heft as he courts partnerships beyond close historic ties with the West.

Top oil exporter Saudi Arabia and economic giant China both sent strong messages during Xi’s visit on “non-interference” at a time when Riyadh’s relationship with Washington has been tested over human rights, energy policy and Russia.

Any move by Saudi Arabia to ditch the dollar in its oil trade would be a seismic political move, which Riyadh had previously threatened in the face of possible US legislation exposing Opec members to antitrust lawsuits.

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[Infinitelybetter]

That would nightmare for the petro dollar

[kenhughes]

When you use and abuse others constantly...eventually they are going to protect themselves from the US bullying!

[dineshshah]

Middle East country would surely accept Yuan and Other countries currency. It's good for them to have multiple country currency in their forex reserve.
Because China is larger exporter of other goods and services too.

[lvgl_beginner]

Take the offer, so US can't steal your reserve