Ruble-yuan trade between Russia & China makes dollar odd man out

I was quoted on RT Business News dated 3 November, 2017. Thanks to the greenback's predominance in the overall financial sector, dedollarization is not going to happen any time soon. But China is the world's largest trading nation and the largest energy customer.  Wth more trade and energy deals denominated in the Chinese yuan in coming years, dependence on the dollar is likely to become more attenuated. 

Leave a Reply

Discover more from Andrew Leung

Subscribe now to keep reading and get access to the full archive.

Continue reading