Saudi Arabia s oil trade is no longer settled in RMBThe truth is revealed!

Mondo International Updated on 2024-01-30

Recently, relatedSaudi oil**Discontinuation of useRMBThe discussion of settlement has attracted a lot of attention in the market. This topic not only has an important impact on the relations between the two countries, but also affects the international communityEnergyThe nerves of the market. However, after detailed investigation and analysis, it was found that this claim was a baseless rumor. This article will be interested in:Saudi oil**UseRMBThe truth of the settlement is revealed, and the future development of China-Saudi Arabia relations.

RMBAs one of the world's leading settlement currencies, the promotion of its status has always attracted the attention of the international community. However, the current data shows that:RMBThe proportion of use in the world** is not high enough. Although ChinaEconomyRapid growth, ** huge scale, butRMBInternational** use is still relatively rare. There are many reasons for this, including:International marketof competitive pressuresfinancial systemThe degree of perfection, internationalPayment Settlementconvenience, etc. So,Saudi oilDiscontinue useRMBThe claim of settlement is baseless.

However,RMBThe internationalization process continues to advance. China** actively promotesFinanceMarket reform and opening up, strengthening with other countriesFinanceCollaborate, elevateRMBinternational status. China is the second largest in the worldEconomybody, with a huge market and steady growthEconomy, forRMBThe internationalization of the country has provided strong support. With "The Belt and Road Initiative"The in-depth promotion of the initiative, China andSaudi Arabiaand other countries are also expected to further strengthen cooperationRMBMore opportunities for use in international**.

As the world's largestOilExporting country,Saudi ArabiaIt is of great significance to China, the world's largest importer. Saudi oilStability of output and ** changes to ChinaEnergySecurity has a big impact. At the same time, forSaudi ArabiaThe huge demand in the Chinese market for itOilExports are also crucial. Therefore, between the sandsEnergy**Cooperation has the characteristics of mutual benefit and win-win.

Currently, between China and Saudi ArabiaOil**Cooperation remains stable. According to official data, last year China fromSaudi ArabiaImportedOilvolume accounts for its total importsOilvolume of more than 10%. Both sides are inOil** field of cooperation is not only conducive to satisfying ChinaEnergydemand, tooSaudi ArabiaProvides a stable market. With the joint efforts of China and Saudi Arabia, this cooperation is expected to be further deepened. Especially in the ".The Belt and Road Initiative"In the context of the initiative, China-Saudi Arabia cooperation will be further optimized and expanded for the two countriesEconomyDevelopment creates more opportunities.

GloballyEnergyAgainst the backdrop of an ever-evolving landscape, China is faced with a tradition of balancingEnergyImports andRenewable energyDevelopment challenges. As oneDeveloping countries, China rightEnergyThe demand is huge and still relies on traditionalFossil fuels, especially coal andOil。However, with the increasing severity of environmental pollution and climate change and other problems, China** is pushingEnergystructural transformation, increase inRenewable energydevelopment and application.

China** has developed a series of policies and plans to promote:Renewable energydevelopment. For example, by increasing the number of wind power, solar energy, hydro energy, etcRenewable energyChina has become a global investmentRenewable energyInstalled capacityThe largest country. At the same time, forNew energyCleaning of cars, etcEnergyChina has also made important progress in the research and development and application of technology. These efforts have made China inRenewable energyThe technical strength and market share in the field are constantly improving, which is the best for ZhongshaRenewable energyCooperation in the field offers new opportunities.

In general,Saudi oilDiscontinue useRMBThe claim of settlement is an unfounded rumor. ZhongshaOil**Cooperation develops steadily, and both sides are mutually beneficial and win-win. At the same time, China is inEnergyTransformation andRenewable energyThe field of efforts will also be for the Sand inNew energyNew space for cooperation. With "The Belt and Road Initiative"With the advancement of the initiative and the continuous implementation of China's opening-up policy, China-Saudi Arabia cooperation is expected to be further deepened and bring more development opportunities to the two countries. Facing the future, China needs to balance traditionsEnergyImported withRenewable energydevelopment, and actively promoteEnergyStructural transformation, realizedEconomyThe twin objectives of development and environmental protection. It's a daunting task, but it's also a challenge full of opportunities. We have reason to believe that through unremitting efforts, China will be able to:EnergyMore outstanding achievements in the field.

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