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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (377978)7/23/2018 11:49:52 AM
From: ryanaka  Read Replies (1) | Respond to of 542914
 
How is that going? How much oil imports are they paying with Yuan today?
In a March 2018 article,

"Shanghai is reportedly taking the first steps to pay for imported oil in reminbi, or yuan, instead of the US dollar. ...
nine million barrels of oil every day and it wants to use its own currency to price the world's most-traded commodity."



To: zzpat who wrote (377978)7/23/2018 12:03:11 PM
From: Sun Tzu  Read Replies (2) | Respond to of 542914
 
Even without the "petro-yuan" scenario you put forward, China can wage a capital war against the US by simply not buying/dumping their treasury at key moments and cause a lot of pain.


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