{"id":29928,"date":"2022-12-12T18:14:02","date_gmt":"2022-12-12T18:14:02","guid":{"rendered":"https:\/\/www.banglanewsus.com\/english\/?p=29928"},"modified":"2022-12-12T18:14:02","modified_gmt":"2022-12-12T18:14:02","slug":"chinas-xi-calls-for-oil-trade-in-yuan-at-gulf-summit-in-riyadh","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2022\/12\/12\/chinas-xi-calls-for-oil-trade-in-yuan-at-gulf-summit-in-riyadh\/","title":{"rendered":"China&#8217;s Xi calls for oil trade in yuan at Gulf summit in Riyadh"},"content":{"rendered":"<p>International Desk: Saudi Crown Prince Mohammed Bin Salman stands with Chinese President Xi Jinping in Riyadh, Saudi Arabia December 8, 2022. Photo: Saudi Press Agency\/Handout via Reuters<br \/>\nPresident Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing&#8217;s goal to establish its currency internationally and weaken the US dollar&#8217;s grip on world trade.<\/p>\n<p>Xi was speaking in Saudi Arabia where Crown Prince Mohammed bin Salman hosted two &#8220;milestone&#8221; Arab summits with the Chinese leader which showcased the powerful prince&#8217;s regional heft as he courts partnerships beyond close historic ties with the West.<\/p>\n<p>Top oil exporter Saudi Arabia and economic giant China both sent strong messages during Xi&#8217;s visit on &#8220;non-interference&#8221; at a time when Riyadh&#8217;s relationship with Washington has been tested over human rights, energy policy and Russia.<\/p>\n<p>Any move by Saudi Arabia to ditch the dollar in its oil trade would be a seismic political move, which Riyadh had previously threatened in the face of possible US legislation exposing OPEC members to antitrust lawsuits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Desk: Saudi Crown Prince Mohammed Bin Salman stands with Chinese President Xi Jinping in Riyadh, Saudi Arabia December 8, 2022. Photo: Saudi Press Agency\/Handout via Reuters President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing&rsquo;s goal to establish its currency internationally and weaken the US dollar&rsquo;s grip on world trade. Xi was speaking in Saudi Arabia where Crown Prince Mohammed bin Salman hosted two &ldquo;milestone&rdquo; Arab summits with the Chinese leader which<\/p>\n","protected":false},"author":2,"featured_media":29929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,11],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29928"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=29928"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29928\/revisions"}],"predecessor-version":[{"id":29930,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/29928\/revisions\/29930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/29929"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=29928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=29928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=29928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}