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RATTANSI: And on the sanctions, finaly: Do you expect them to finish quickly? Or do you think that the Ukraine conflic spells the end of the dollar as an international currency because of the swiftness ...arguably, emphatically it's at the end of the dollar-based system as huge numbers of countries now sanctioned by the United States get closer and closer together to different ways of transferring money. Obviously, there are big cryptocurrency exchanges no on Wall Street and other methods which are not regulated by the Federal Reserve.
BOLTON: You know, I think, actually the dollar proving how important it is, how important it continues to be, and I don't see any huge demand to trade in Chinese yuan or Russian rubles. As far as cryptocurrency goes, look, if you want to buy black tulip bulbs, be my guest.
Premier Li Keqiang delivered a government work report on behalf of the State Council at the opening meeting of the fifth session of the 13th National People's Congress. The report consists of what the Chinese government accomplished in 2021 and what it plans to achieve in 2022.
A total of 100 billion yuan from the unemployment insurance fund will be used to support enterprises in maintaining stable payrolls and providing training programs.
Well, that's certainly something that Xi and Macron can see eye to eye on : the idea of welfare for enterprises as the primary shield against unemployment (as opposed to actual payments to the unemployed). That's what kept the French economy ticking over the Covid period, so I imagine he will carry it over to cover the effects of the war in Europe.
It is rightly acknowledged that people of faith have no monopoly of virtue
- Queen Elizabeth II
Let me know if you want an acronym key
Aramco said it would work with China's North Huajin Chemical Industries Group Corporation and Panjin Xincheng Industrial Group to build a massive integrated refinery and petrochemical complex in Panjin, Liaoning Province. The facility will be able to produce 300,000 barrels of oil per day and will have a 1.5 million metric ton-per-year ethylene cracker and a 1.3 million metric ton-per-year paraxylene unit.
Announcement of the deal follows two related developments. On February 4, Russian state-owned gas firm Rosneft signed a 10-year agreement with China National Petroleum Corp (CNPC) to ship 100 million metric tons, or 200,821 barrels per day of oil to refineries in northwestern China.
"In accordance with the agreement of Rosneft and CNPC, there are prospects of interaction worked out concerning a set of areas of low carbon development, particularly in reduction of greenhouse gas emissions, including methane, technologies of energy efficiency, as well as CO2 capture and storage (CCS)," Rosneft said.
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales | WSJ |
Talks between Riyadh and Beijing have accelerated as the Saudi unhappiness grows with Washington
Will Joe Biden end up with Maduro oil and Khamenei gas?
Earlier moves at high rich stakes ...
Petro-yuan will rise to challenge Petro-dollar | CGTN - Nov 5, 2017 |
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