It s useless to regret it!The renminbi of Sino Russian trade replaced the US dollar, and the US do

Mondo Finance Updated on 2024-01-28

In recent years, the economic and trade exchanges between China and Russia have become more and more frequent, the fields of cooperation have been expanded, and the amount of cooperation between the two sides has continued to rise. Especially in January-March 2023, China's domestically produced cars have become one of the hottest commodities in China and Russia, with significant sales. This is mainly due to the increased demand for cars in Russia after the economic sanctions imposed by Europe and the United States, and the improvement in quality, comfort and safety of Chinese cars has been found. As a result, most of the goods circulating in the Russian market are made in China, which makes the Sino-Russian ** could easily exceed 100 billion US dollars. With the expansion of the scale of China and Russia, the savings ruble in the hands of the Chinese side has also increased correspondingly.

As the common adversaries of the United States, the significance of cooperation between China and Russia is not only reflected in the first field. Russia has abundant energy and high-quality agricultural products, while China needs a lot of energy and food, and both sides can fill each other's demand gaps. In addition, China and Russia have also cooperated in security, science and technology, military and other fields, forming a stable strategic partnership. This mutually beneficial cooperation has not only strengthened the economic strength of China and Russia, but also gradually increased the influence of the two countries in international affairs.

With the in-depth development of China and Russia, the Chinese RMB has gradually replaced the US dollar in bilateral ** settlement. Russia, in order to reduce its dependence on the US dollar, has begun to shift its reserve currency from the US dollar to the yuan and**. In addition, Russia also encourages RMB settlement with other countries to reduce risks against the US dollar. This trend is undoubtedly good news for China, as it will strengthen China's voice in the international financial system and reduce the dominance of the US dollar in the global economy.

As the leading force in the world economy, the economic policies of the United States have an important impact on the stability and development of the global economy. However, the self-interested economic policies of the United States and frequent military interventions have caused other countries to rethink their dependence on the dollar. U.S. economic fluctuations and political interventions often lead to economic turmoil and wars around the world. As a result, more and more countries are exploring diversified economic cooperation and looking for economic partners that align with their own interests.

As the world's second largest economy, China has always adhered to the principle of peaceful development and is committed to upholding the international order and promoting global economic prosperity. China actively participates in international affairs and plays an important role in achieving common global development and prosperity by advocating the building of an open world economy and promoting international cooperation. China's rise is an opportunity for the world, and its opening up to the outside world and its cooperation efforts with other countries will contribute to the improvement of international relations and world peace and stability.

In the context of changes in the global economic pattern, the rapid development of China and Russia and the trend of RMB replacing the US dollar are not only of great significance to China at the economic level, but also bring new thinking to the global economy. The era of unipolar hegemony of the United States is gradually coming to an end, and countries have begun to seek diversified economic cooperation and promote the establishment of a more just and equal international economic order. As a country with a long history and a splendid civilization, China will continue to adhere to the path of peaceful development, actively participate in international cooperation, and make positive contributions to the prosperity and stability of the global economy. At the same time, we look forward to the countries of the world working together to build a better future.

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