Escobar: Xi Of Arabia & The PetroYuan Drive

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Authored by Pepe Escobar via the Cradle Xi Jinping has made an offer difficult for the Arabian Peninsula to ignore: China will be guaranteed buyers of your oil and gas, just pay us in yuan… It would be so tempting to qualify Chinese President Xi Jinping landing in Riyadh a week ago, welcomed with royal pomp and circumstance, as Xi of Arabia proclaiming the dawn of the petroyuan era. But it’s more complicated than that.

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