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Could China’s “Petroyuan” Give Rise to a New World Energy Order?

Authors :
Tan, Angeline
Source :
New American (08856540). 3/13/2023, Vol. 39 Issue 5, p23-27. 5p.
Publication Year :
2023

Abstract

The article discusses how China's plans to use the yuan in oil trade with Gulf nations may usher in a new global energy order. It reports that a shift away from the dollar could be disastrous for the U.S., inflating the currency to the point of being worthless. It mentions that to avoid this, countries should return to a traditional noninterventionist foreign policy, avoiding entangled alliances.

Details

Language :
English
ISSN :
08856540
Volume :
39
Issue :
5
Database :
Academic Search Index
Journal :
New American (08856540)
Publication Type :
Periodical
Accession number :
162394529