[Fleetdestroyer]

https://www.bloomberg.com/news/articles/...g-to-china


Russia Coal and Oil Paid for in Yuan Starts Heading to China
Coal cargoes to arrive this month, followed by crude in May
China has long bristled at dollar’s dominance in global trade
Bloomberg News
7 April 2022, 12:32 GMT+8Updated on7 April 2022, 16:55 GMT+8
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Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing international outrage over the invasion of Ukraine.

Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month, Chinese consultancy Fenwei Energy Information Service Co. said. These will be the first commodity shipments paid for in yuan since the U.S. and Europe penalized Russia and cut several of its banks off from the international financial system, according to traders.


Sellers of Russian crude have also offered to give buyers in Asia’s largest economy the flexibility to pay in yuan. The first cargoes of the ESPO grade bought with the Chinese currency will be delivered to independent refiners in May, according to people familiar with the purchases.

China has long bristled at the dollar’s dominance in global trade and the political leverage it gives the U.S. Efforts to chip away at the status quo are now being accelerated by Western steps to punish Russia for its war of aggression. Moscow is offering rupee-ruble payments to Indian oil buyers, while Saudi Arabia is in talks with Beijing to price some of its crude in yuan.

See also: Saudi’s Oil-For-Yuan Bid Won’t Hurt the Dollar: David Fickling

[Fleetdestroyer]

(Bloomberg) -- Russian coal and oil paid for in yuan is about to start flowing into China as the two countries try to maintain their energy trade in the face of growing international outrage over the invasion of Ukraine. Several Chinese firms used local currency to buy Russian coal in March, and the first cargoes will arrive this month, Chinese consultancy Fenwei Energy Information Service Co. sai

Read more at: https://www.bloombergquint.com/china/rus...g-to-china
Copyright © BloombergQuint

[Fleetdestroyer]

https://www.scmp.com/news/china/diplomac...-china-may

[Fleetdestroyer]

https://www.farsnews.ir/en/news/14010121...Ers-fr-Yan

[revealer]

Every country would want to control its currency so that it would remain stable against major currencies especially like USD when the US is one of China's largest trading partners.  Some said China allowed Yuan to appreciate to counteract US's rate hike to control money outflow (which is caused by other factors).  But they don't think it is wise as it will make China's goods more expensive,  affecting China's growth,  bringing about a recession in near future.  Let's hope this recession won't happen as it would affect Singapore's economy as well.
https://www.scmp.com/economy/china-econo...ed-capital

[Fleetdestroyer]

https://www.cnbc.com/2022/03/15/can-chin...trade.html

[Fleetdestroyer]

https://www.bloomberg.com/news/articles/...llar-share

[Fleetdestroyer]

https://youtu.be/F2GiUg5Eiyo


Anti China gangs of moronic kokee king of know nuts see this Jin tulan hor

[revealer]

China Yuan really huat this time..China boleh!!!  No need for any cut in interest rate to control deflation.

[revealer]

all these RRR cuts etc are unwinded overnight by the Forex investors.   真是雪上加霜。

https://www.straitstimes.com/business/ec...ce=twitter&utm_medium=social-organic&utm_keyword=dlvr.it

[revealer]

Who would be to buy Chinese Developer bonds again?

https://www.bloomberg.com/news/articles/...markets-vp

[revealer]

Past Glories

https://www.bloomberg.com/news/articles/...markets-vp

[ROFLMAO]

https://www.bloomberg.com/news/articles/...llar-share

[teaserteam]

[Fleetdestroyer]

https://youtu.be/YmKWwc9pikA


China huat huat huat gao jurong
Moronic kokee gangs jealous hor

[Fleetdestroyer]

https://www.reuters.com/world/china/chin...022-04-27/


Moronic kokee and gangs of dogs king of know nuts see this will jump up and down hor huat huat huat arh 

[revealer]

https://www.scmp.com/economy/china-econo...ge-over-us