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Alternativen zum US-Dollar?
Dez 29th, 2017 by Gao

Pepe Escobar: China plans to break petrodollar stranglehold (Asia Times)

Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan.
Nations, of course, have tried this before since the system was set up by former US Secretary of State Henry Kissinger in tandem with the House of Saud back in 1974
Vast populations across the Middle East and Northern Africa quickly felt the consequences when Iraq’s Saddam Hussein decided to sell oil in euros. Then there was Libya’s Muammar Gaddafi’s pan-African gold dinar blueprint, which failed to create a splash in an oil barrel.
Fast forward 25 years and China is making a move to break the United States petrodollar stranglehold. The plan is to set up oil-futures trading in the yuan, which will be fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets.

(Andere Version dieses Artikels: The Petro-Yuan Bombshell, CounterPunch)

Afrika
Aug 23rd, 2017 by Gao

Kartik Jayaram, Omid Kassiri, Irene Yuan Sun: The closest look yet at Chinese economic engagement in Africa (McKinsey)

Field interviews with more than 1,000 Chinese companies provide new insights into Africa–China business relationships.

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