Xi Jinping pictured at the China-Arab states summit in Saudi Arabia. Photo: Xinhua
Xi Jinping pictured at the China-Arab states summit in Saudi Arabia. Photo: Xinhua

China pushes to boost role of yuan in global energy markets as Xi Jinping wraps up Saudi Arabia visit

  • The Chinese leader promotes the use of the currency – a move that could challenge the US dollar’s dominance – during a series of summits with Arab states
  • Beijing has also pledged more than US$700 million in development aid and involvement in China’s space programme as part of a drive to increase influence in the region

Xi Jinping pictured at the China-Arab states summit in Saudi Arabia. Photo: Xinhua
Xi Jinping pictured at the China-Arab states summit in Saudi Arabia. Photo: Xinhua
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