1. As a major oil consumer in the world, China's voice in oil transaction settlement is growing.
2. At present, China Shanghai Futures Exchange has opened crude oil futures trading, and many major economies in the world have opened accounts, and the trading is very active. At the same time, RMB credit has also increased rapidly, which will further support the future RMB oil settlement system.
1) With the flood of dollars, its attraction is much weaker than before. China, as the second largest economy in the world and a country that is consistent in words and deeds, is favored and trusted by many countries. China is the largest trading country in the world, and also a major energy importer and consumer. Due to the unreliability of petrodollars, many countries are prepared to bypass the dollar and use RMB for oil settlement. As early as 20 16 and 10, some Russian oil imported by China was settled in RMB. In addition, Russia hopes to expand the types of transactions, settle Sino-Russian natural gas transactions in RMB, and strive for the future oil and gas transactions between the two countries to reach 654.38+080 billion yuan. .
2) In 2065438+09, Venezuela and China began to settle their oil in RMB. For a long time, the United States imposed an economic and financial blockade on Venezuela. Settlement of oil in RMB can bypass the limitation of US dollar. Countries have abandoned dollar settlement, leading to the collapse of dollar hegemony. The Middle East is a major energy exporter in the world, and it is also the most concentrated area of oil-rich countries. Iran uses RMB instead of USD for oil settlement. The long-term trade and financial blockade of the United States against Iran has greatly hit Iran's oil exports, made its domestic economy beset with difficulties, led to Iran's shortage of international currency, and prevented it from importing goods for domestic supply, greatly improving people's quality of life. Reduce.
3) Today, China is a manufacturing power in the world. Iran can bypass the US dollar and exchange RMB for oil to import goods from China. The RMB can be directly converted into gold in China, which will reassure countries that use RMB for settlement. Iran once stored 20 million barrels of crude oil in Dalian Port, China in advance to avoid the blockade by Americans. This shows Iranian trust in China. Now, under the attack of the United States, oil-rich countries have strengthened their determination to use the RMB, which shows the voice of the people. As a staunch ally of the United States, Saudi Arabia has been looking forward to oil settlement in RMB. Oil is the economic lifeline of Saudi Arabia, but for a long time, the United States' strong intervention in oil prices has made Saudi Arabia, as an ally, very angry and helpless.