A Chinese flag flutters in front of a Sinopec Shanghai Gaoqiao refinery. China’s yuan-denominated oil futures, launched in March, have overtaken in volume the dollar-denominated oil futures traded in Singapore and Dubai. Photo: AFP
John A. Mathews
Opinion

Opinion

The View by John A. Mathews

China’s petroyuan is going global, and gunning for the US dollar

  • John A. Mathews and Mark Selden say China’s yuan-denominated oil futures are being taken seriously by traders, suggesting they can help promote renminbi internationalistion to challenge the hegemony of the US dollar in world trade

TOP PICKS

A Chinese flag flutters in front of a Sinopec Shanghai Gaoqiao refinery. China’s yuan-denominated oil futures, launched in March, have overtaken in volume the dollar-denominated oil futures traded in Singapore and Dubai. Photo: AFP
READ FULL ARTICLE