this post was submitted on 24 Jul 2023
67 points (92.4% liked)

World News

32059 readers
897 users here now

News from around the world!

Rules:

founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] ghariksforge 7 points 1 year ago* (last edited 1 year ago) (1 children)

Trade with Russia is not %50 of China's trade. It's much less than that.

This is de-dollarization in motion.

[–] [email protected] -2 points 1 year ago (1 children)

Nobody said it was, but Russia is a major oil supplier to them, it used to be done in US dollars but given the current situation China has been able to force them to use the yuan. Its not like theyre able to pull this off against the major western countries. A lot of their previous yuan based trade was with Hong Kong, North Korea, etc.

[–] ghariksforge 5 points 1 year ago

And now it's %50 of their trade.