Posted inBeijing, China, India, Iran, Japan, Middle East, Northeast Asia, Russia, Shanghai, South Asia, South Korea, Turkey, World

Petrodollar faces growing threat from the East

While the recent raft of Sino-Saudi trade agreements benefited Chinese soft power in protecting Xinjiang, and the Saudis by diversifying their economy, China’s slow intertwining with Saudi Arabia complements the Sino-Russo alliance. Primarily, its benefits could lead to a realistic threat to the petrodollar. The Persian rival who showed ‘the way’ In 2012/2013, the US Treasury […]

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