Will China’s PETRO YUAN Destroy the PETRO DOLLAR? Who Is More Scared? U.S. or China?

China has stepped up its game with the introduction of the Petro Yuan. It was a big move for them to attempt this in a market where the Petrodollar is overwhelmingly dominant. But China knows that its recognition has grown substantially over the years and that it needs to continue this. With China being such a consumer of oil, and an importer of so many goods, including oil, China has decided to get into the game once and for all.

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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe

Petroyuan - The Shape of Things to Come | UBS Asset Management
https://www.ubs.com/microsites/china-insights/en/insights/petroyuan.html
China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade — RT Business News
https://www.rt.com/business/422838-petro-yuan-dollar-gaddafi/
Russian oil producers to make money from China’s yuan-backed crude futures – analysts — RT Business News
https://www.rt.com/business/424192-russian-producers-benefit-china-futures/