China Finally Discloses Its Petroyuan Intention

As I reported back in late September, China mentioned the potential of having an oil future exchange in the Free Trade Zone in Shanghai.

Now it is a confirmed threat in competing against the US exchanges with the crude oil contracts potentially priced in yuan.

http://www.reuters.com/article/2013/11/21/china-crudeoil-idUSL4N0J62M120131121

Here comes the petroyuan dynasty.

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