Why Does China Need To Use the U.S. Dollar? Will They Ever Escape the U.S. Hegemony?

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/