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China is reportedly taking the first steps to pay for oil in yuan: Sources - CNBC
CNBC | China is reportedly taking the first steps to pay for oil in yuan: Sources CNBC "Being the biggest buyer of oil, it's only natural for China to push for the usage of yuan for payment settlement. This will also improve the yuan liquidity in the global market," said one of the people briefed on the matter by Chinese authorities ... China's crude oil futures contract should confound the skeptics: Kemp The Yuan-Oil Future And Gold Petroyuan: China seeks to break dollar dominance in oil trading |
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