In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars

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Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the Yuan) when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own currency instead of the US Dollars.

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26 comments on “In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars

  1. God will destroy those destroying the Earth. Who are they?
    The oil baron elites who suppressed alternative natural and free harness technology.

  2. But guess what….whether in Yuan or whatever..their price still equals the USD price….

  3. Iraq & Lybia tried to do the same thing & look what happened to them!? The petrodollar controllers will not let this happen.

  4. Dont believe for one second that oil is traded or makes more than guns. Guns will be worth more than gold oil and food. You can defend yourself or hunt for food. Cant do that with bitcoin or oil.

  5. Everyone is focusing on Russia and I believe it’s China that is trying to takeover the world

  6. The BRICKS have been saying this for a while now, no surprise 😲
    America's going down (unfortunately) for too many years of LACK OF GOOD LEADERSHIP

  7. We are going to have to pile these communist up and stack them deep. Be safe everyone and watch your 6.

  8. 😀 how's this for stealing ?? 🤣 The u s dollar will not benefit from Chinese transactions ?? 🤣 Specially in their own currency ??🤣 By by amedican dollar ?? 🤣
    😀 Great move china !! 😂

  9. I think 14,000,000 is off a bit, but you're right we have been sold out along time ago. they are even giving them our fresh water from the great lakes for debt that is owed.

  10. If we go to war, were fucked! Millennials and kids these days are scared of their own shadow.

  11. I can't stress this enough: ALL COUNTRIES WORK TOGETHER!!!!!! it's ALL a puppet show on the world stage! It's just a matter of who will PLAY the "bad guy" this week/month! All across the world you see the SAME 5G grid getting implemented.! Why? Because ALL NATIONS are pushing the same agenda. Why do you think DWAVE just opened up a location in china!?!? You wouldn't do that to a country, or anyone for that matter, who we had conflicts or tensions with. The "deep state" and the "state" ARE THE SAME FUCKING THING!!!!! More people need to wake up to this FACT

  12. wtf why days ? its been months ………..ansd no u.s produces more oil then the middle east …fear mongering at it best

  13. Seriously the gold backed yaun happen 2 months ago why6 lie dabboo777 why fear monger…Second when the united states produce more oil then most opec producers and we can set the market price this is a good thing for the u.s we get our money back from china silly mug…..three this is why they bui9lt the oil pipe line silly in north Dakota. 4 last year the u.s was accuse of manipulating oil; markets which we was if we did it then we will do it again lmao 5. this is my best point for the last 10 years all petro dollars are failing look at Russia there g.d.p. has shrunken because the price of oil has fallen so much with the advent of electric cars and deiseal its a matter of time before all vehicles are made with battery not fuel tanks……Killing oil as a value commodity …btw plastic PRODUCTUION EVEN CHANGED OVER THE LAST 50 YEARS THANKS TO RECYCELING THER DEMAND HAS EVEN FALLEN…… HEY PLEASE STOP DELETING COMMENT DAHBOO

  14. Yes, new news. It's going to effect our economy like you will not believe.  Stocks are already down, more to come. Saudi's new prince already said it has Trump's son in law "Under his Thumb".  The dollar is going to crash and that is what they are after. Add the 3 Billion on Tariffs China is imposing and Houston, we have a problem. Trump is about to learn a hard lesson about Global Financial Crisis and the advantage of not pissing off your allies or enemies alike.  i.e. Playing the political game with other nations and not just saying "USA is more powerful we can do what we want and we will win.". Doesn't work when you have Russia and China teaming up with other countries to undermine the US.  We better all hope they do not attack us, because Trump will hand them this country. before having his dirty laundry (The dirt they have on him) aired to the world by Russia. Things are about to get nasty.  Trump is being manipulated by an Russian Spy who is now President. Hook line and sinker Trump is bought and paid for and being blackmailed. Hope America wakes up and impeaches him quickly to get someone in the Whitehouse that knows what they are doing.

  15. This is retarded why are you reporting on this it’s obvious that oil is running out we’re not gonna be using oil in 20 years the only thing people are going to concern themselves with is food shortages and clean water

  16. These comments reminds me of Cadbury chocolate fruit and nut.

  17. Spiritual speaking the ONLY thing that that matters is whether
    u are TAKEN UP or LEFT BEHIND aka Saved or Un saved.
    if u reject this u are either a FOOL or Spiritually ignorant
    aka Blind to what's HAPPENING in the Un seen realm & the forces @play/work ~Maranatha~ 4/5/18

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