Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
Chinas New Oil Price Feeds Shock Global Markets
China just launched its own crude oil futures benchmark in yuan, challenging Brent and WTI for the first time. Lucas and Luna break down how the Shanghai International Energy Exchange's new contract works, why it matters for oil producers and Asian refiners, and what it means for the dollar's role in global energy trade. With Brent above $90 amid Middle East tensions and the yuan weakening slightly against the dollar, the timing is anything but coincidental. The hosts explore whether this is a serious threat to the petrodollar system or a symbolic move with limited near-term impact…
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