Tag: Petroyuan

America’s Confrontational Approach to China is a Rejection of Realism

The age-old aphorism “if it isn’t broken, don’t fix it” can accurately describe China’s mentality towards both domestic matters and issues concerning cooperation with international partners. China’s model is one that transformed the world’s most populace nation from a place where at the turn of the 1980s 88% of all […]

The Petroyuan Is Here and Global Oil Markets Have Reacted Positively

This morning, history was made as China began trading Yuan denominated oil futures contracts on the Shanghai International Energy Exchange. According to Liu Shiyu, the Chairman of the China Securities Regulatory Commission (CSRC), “We have the confidence, determination and ability to build a crude oil futures market with Chinese characteristics, and make due […]