https://www.scmp.com/rss/329688/feed Mark Selden is a senior research associate in the East Asia Programme, Cornell University and editor of The Asia-Pacific Journal: Japan Focus. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com It is now more than eight months since China launched its oil futures contract, denominated in yuan, on the Shanghai International Energy Exchange. In spite of forebodings and shrill alarms, the oil markets continue to function, and China’s futures have established themselves and overtaken in volume the dollar-denominated oil futures traded in Singapore and Dubai.  Of course, the volume of trades on the Shanghai exchange still lags behind that of the Brent oil futures traded in London and the... https://www.scmp.com/comment/article/2176256/chinas-petroyuan-going-global-and-gunning-us-dollar?utm_source=rss_feed https://www.scmp.com/comment/article/2176256/chinas-petroyuan-going-global-and-gunning-us-dollar?utm_source=rss_feed Tue, 04 Dec 2018 05:30:15 +0000