China wants RMB-denominated oil markets
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
As the biggest global trader, China wants more goods and services to be bench-marked off its own currency.
There would be no bigger boon than a CNY-denominated oil contract, which is what China is increasingly pushing for (Nikkei):
“China is expected shortly to launch a crude oil futures ...