News: December 3, 2022. The President of China Will Visit Saudi Arabia on December 9

The Chinese president Xi Jinping will visit Saudi Arabia on December 9. Agriculture, investment and financing, and high-tech industries will be topics of discussion between China and Saudi Arabia. There are also indications that an alternative to the petrodollar may be discussed for the Chinese purchase of oil from Saudi Arabia.

Moving away or replacing, even partially, the petrodollar would have very important repercussions for the world economy.

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This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.