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China challenging US dollar by pricing oil in yuan - Digital Journal
Digital Journal | China challenging US dollar by pricing oil in yuan Digital Journal As a result of the US dollar being used to price and trade oil there is a huge demand for US dollars, giving the US great economic and strategic power. China is reported to be setting up a futures market using its own yuan currency and also will ... Pricing oil in yuan may be next move in China's currency ambitions The rise of the petro-yuan |
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