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China is trying to end America's petrodollar monopoly

Por: Newsweek World December 13, 2022

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President Xi Jinping of China ended his diplomatic charm offensive in Saudi Arabia last week with a promise to buy more oil and gas from Gulf Arab states, while also publicly calling for energy trade to be settled in Chinese yuan for the first time.The bold call, if realized, would have major implications for the decadeslong strategic relationship between the United States and the oil-rich nations of the Persian Gulf. The emergence of a... + full article



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