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From gold standard to oil standard to China's RMB: The de-dollarization of trade between China and Russia is no surprise. Saudi Arabia's move is a breakthrough
[AsiaTimes] From Russia, will US expand economic war to China? New sanctions against China would leave Beijing less reason to forebear in strategic matters including TaiwanNote: “Observer” columnist Chen Feng points to what he considers fundamental areas of weakness in the US position: The deindustrialization of the US economy, America’s dependence on debt, and an accelerating shift of US dollar trade settlement and reserves following the Russian sanctions. China exercises forbearance in strategic matters, including Taiwan, because of the mutual benefits of US-China trade; if the United States applies new sanctions to China, it will have less reason to do so. Posted by: Snoth Crinetch6893 2022-03-19 |
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