Li Qiang (left), the Communist Party chief of Shanghai, and Liu Shiyu, chairman of the China Securities Regulatory Commission, hit the gong together to open the trading session for renminbi-dominated crude oil futures contracts, at the Shanghai International Energy Exchange on March 26. Photo: Xinhua

Will China’s renminbi oil futures end the petrodollar monopoly?

Topic |   Energy

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Li Qiang (left), the Communist Party chief of Shanghai, and Liu Shiyu, chairman of the China Securities Regulatory Commission, hit the gong together to open the trading session for renminbi-dominated crude oil futures contracts, at the Shanghai International Energy Exchange on March 26. Photo: Xinhua
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