China's Xi calls for oil trade in yuan at Gulf summit in Riyadh

in #news2 years ago

"RIYADH (Reuters) -President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.

Xi was speaking in Saudi Arabia where Crown Prince Mohammed bin Salman hosted two "milestone" Arab summits with the Chinese leader which showcased the powerful prince's regional heft as he courts partnerships beyond close historic ties with the West."
https://news.yahoo.com/saudi-arabia-gathers-chinas-xi-084538207.html

"China and Saudi Arabia expressed aligned policies on a range of areas from security to oil in a joint statement Friday, adding they will support each other while not interfering in each other’s internal affairs.

The agreement comes during the Chinese President Xi Jinping’s visit to the kingdom, and amid frayed ties between the United States and both countries over oil production, human rights abuses and other issues."
https://www.msn.com/en-us/news/world/saudi-arabia-and-china-will-align-on-everything-from-security-to-oil-but-agree-not-to-interfere-on-domestic-issues/ar-AA1561Oo

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh
https://www.reuters.com/world/saudi-arabia-gathers-chinas-xi-with-arab-leaders-new-era-ties-2022-12-09/

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