Western experts: Chinese President flies to Riyadh to discuss with Arab leaders the possibility of abandoning oil trade in dollars

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Western experts: Chinese President flies to Riyadh to discuss with Arab leaders the possibility of abandoning oil trade in dollars

In the United States, as the Western press writes, they perceive the upcoming visit of Chinese leader Xi Jinping to Riyadh "with alarm". It is planned that the President of China will arrive in Saudi Arabia on Tuesday, December 6. He is scheduled to meet with the Crown Prince (currently the de facto head) of Saudi Arabia, Mohammed bin Salman. This visit is connected with the holding of the Chinese-Arab summit.

Pro-American experts say that the Saudi authorities thus demonstrate "an inappropriate attitude towards their long-time ally - the United States."



On the pages of Reuters, citing analysts, an article is published stating that Mohammed bin Salman "receives the Chinese leader at a difficult moment in Saudi-American relations, demonstrating Riyadh's focus on the polarization of the global order."



Western press:

The Saudi ruler has been defiant with the US over energy policy and pressure from Washington to help isolate Russia. Now he is bringing rulers from across the Middle East and North Africa to the Sino-Arab summit, where they are waiting for Xi Jinping.


The head of the Middle East and North Africa at the Eurasia Group, Ayham Kamel, is quoted as saying that such events could lead to a split in relations between the United States and Saudi Arabia.

In the West, they again remembered the statement of the Crown Prince of Saudi Arabia, which he made in an interview with The Atlantic in March 2022. Then bin Salman said that he did not care about Joe Biden's opinion on Saudi Arabia's policy, since the US president should deal primarily with domestic, American, politics.

Western experts said that the Chinese leader is flying to Riyadh to discuss with Arab leaders the possibility of abandoning oil trade in dollars and simultaneously switching to transactions in national currencies, including the yuan. If this can be done, the blow to the US dollar and the hegemonic nature of US politics and the economy could be devastating.

Reuters:

Riyadh has previously threatened to pull out of some dollar-denominated oil deals to counter possible pressure from US legislation exposing OPEC members to antitrust lawsuits.

In China, before the start of Xi Jinping's visit to the summit in Saudi Arabia, they presented data on how China's cooperation with the Arab world has deepened recently. The Chinese press writes that equality and mutual respect for interests are key links in deepening cooperation in various fields, including, of course, the economic one. The following statistics are given: in 2021, the growth of trade between China and the countries of the Arab world amounted to 37%, reaching $ 330 billion.
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    1. +26
      4 December 2022 20: 56
      But this is news, so news. As one businessman from the USA used to say, if you think that you have signed a profitable agreement with China, you did not read the text carefully.
      1. +28
        4 December 2022 21: 06
        Right in the top ten, every time I see the smile of "Comrade Xi", one gets the impression that either he has already cheated on someone, or is preparing for this.
        1. +13
          4 December 2022 23: 30
          In the United States, as the Western press writes, they perceive the upcoming visit “with alarm”
          And what did they want after their relationship to a united China. Now is the time to get away from the dollar, I hope this will have an avalanche effect.
          1. +8
            5 December 2022 00: 16
            Quote from Mitos
            In the United States, as the Western press writes, they perceive the upcoming visit “with alarm”
            And what did they want after their relationship to a united China. Now is the time to get away from the dollar, I hope this will have an avalanche effect.

            it will be a very serious ass for the seven dwarfs if there is
            1. +7
              5 December 2022 01: 48
              Quote: poquello
              it will be a very serious ass for the seven dwarfs if there is

              To make this happen, the Russian Federation donated $300 billion.
              And the price ceiling for Russian oil was adopted on time!
              Now we expect that 25% of KSA oil will be sold for yuan. good
              1. +1
                5 December 2022 10: 35
                Quote: Alex777

                To make this happen, the Russian Federation donated $300 billion.
                And the price ceiling for Russian oil was adopted on time!
                Now we expect that 25% of KSA's oil will be sold for yuan.

                Why only 25%?
                1. 0
                  5 December 2022 12: 25
                  The conversation about switching to the yuan did not start yesterday.
                  25% is the volume that KSA sends to China.
                  The rest (and now the EU) will still pay in $.
                  1. 0
                    5 December 2022 12: 43
                    Quote: Alex777
                    The conversation about switching to the yuan did not start yesterday.
                    25% is the volume that KSA sends to China.
                    The rest (and now the EU) will still pay in $.

                    So if they have already paid before, then why talk about them (25%) again, and not increase this share?
                    1. 0
                      5 December 2022 13: 11
                      Quote: SKVichyakow
                      So if they have already paid before, then why talk about them (25%) again, and not increase this share?

                      Earlier there were talks that they decided to switch to payment in yuan.
                      Therefore, the Chinese Emperor is going to dot the i's. Surely there will be discussions about KSA security guarantees. And not only. Personally.
                2. +1
                  5 December 2022 18: 53
                  Yes, it is desirable to sell all oil for yuan. Then Europe will be in shit! wink
              2. +1
                5 December 2022 10: 53
                Quote: Alex777
                Now we expect that 25% of KSA oil will be sold for yuan.

                why oil? oil is just for Saudi reals, but the electronics that will go to the SA from China, here it is already for yuan. hi
                1. 0
                  5 December 2022 12: 27
                  Yuan has been around for a long time. C only "tie bows" goes.
                  I have not heard about oil for reals. For yuan they will buy electronics.
                  Even the "Wall" building in KSA with China will be built.
                  1. 0
                    5 December 2022 12: 43
                    Quote: Alex777
                    Yuan has been around for a long time.

                    what speech? We are talking about payments in national currencies. wink you are apparently confusing it with the main reserve currency, but even on this occasion everything has not been the case for a long time. the same China supports the idea of ​​creating an independent reserve currency, that is, not the yuan, but something independent of any country. the project is in the process of implementation.
                    Quote: Alex777
                    I have not heard about oil for reals. For yuan they will buy electronics.

                    and why will they buy it if the calculations are in national currencies? for real, of course. and electronics in China for yuan, of course. Yes
                    1. 0
                      10 December 2022 14: 44
                      Reuters: Xi Jinping invited Arab countries to pay for oil in yuan.

                      The President of the People's Republic of China (PRC), Xi Jinping, invited the leaders of the Arab countries to switch to oil trading in yuan, Reuters reports, citing a source in Saudi Arabia.

                      It is noted that the Shanghai Oil and National Gas Exchange can become a platform for payment in national currencies for the supply of raw materials.

                      A Saudi source speaking ahead of Xi's visit said the decision to sell small amounts of oil in yuan to China could make sense to directly pay for Chinese imports.

                      Oil - for the yuan. Nobody needs Reals.
        2. +3
          5 December 2022 01: 52
          The Chinese are Chinese, but the Arabs are what they bucked
          bin Salman said he doesn't care about Joe Biden's opinion on Saudi policy, as the US president should be concerned primarily with domestic, American, politics

          They have most of their profits in foreign banks. The Chinese also gave out, they are the second holders of American debt in the world after Japan.
          China is the largest foreign holder of US Treasury debt, with Chinese investments in US foreign debt totaling $1,15 trillion as of September.

          It would seem that the Chinese should be interested in the strengthening of the dollar. And suddenly this
          1. +1
            5 December 2022 13: 51
            Quote: YOUR
            The Chinese are Chinese, but the Arabs are what they bucked

            When the US offered a security-for-$ oil deal in the 70s, the US depended on the KSA for supplies.
            Now everything has changed:
            - States of KSA competitors in the market.
            - The states have frozen the assets of Russia (they can also freeze the KSA's assets).
            - The States have introduced a ceiling on prices for our oil (and may also introduce a ceiling on KSA oil).
            The system is unbalanced. Here KSA diversifies it.
      2. 0
        6 December 2022 02: 53
        It's right. Here at the AIF there is a journalist Zotov, who very well describes the Chinese tricks and the merciless pressure of the PRC on debtor countries. I recommend:

        https://aif.ru/politics/world/zaberut_dazhe_lifchiki_u_vashih_zhenshchin_opasatsya_li_rossii_druzhby_s_kitaem

        https://aif.ru/politics/world/tma_hleb_po_300_rubley_net_benzina_kak_nam_izbezhat_plohogo_budushchego

        https://aif.ru/politics/world/ladu_i_olive_tut_bolshe_ne_prodat_kak_kitay_zahvatil_sovetskuyu_afriku

        https://aif.ru/politics/world/my_skoro_bez_trusov_ostanemsya_kak_kitay_sozhral_respubliki_byvshego_sssr

        If without emotions, just thinking about us, about Russia - why can't the diplomats and leaders of the Russian Federation also cunningly deal with these countries, just as carefully, according to the law, enslave them and then twist their arms, collecting debts? What's the problem?

        In the meantime, everything is somehow sluggish, spineless. Like this:

        https://aif.ru/politics/world/predali_russkiy_i_trebuem_deneg_pochemu_rossiya_ne_umeet_vybirat_druzey?
    2. +21
      4 December 2022 20: 59
      There are 3 options: complete failure, gradual failure for up to several years, everything will remain as it was.

      If they really refuse to trade in dollars, then this will be a big defeat for the United States. In this case, respect in advance to Saudi Arabia and China.
      1. +8
        4 December 2022 21: 08
        There are no options here. China has felt the ground under its feet and is beginning to dictate its will.
        I think he went there for discounts, or oil from the Arabs for Yuan, or for dollars but with discounts, or they will go to Russia to buy for rubles at 70. There are options. Also barter. But the United States, by any means, should start to be afraid.
        1. +9
          4 December 2022 22: 19
          Quote from: topol717
          But the United States, by any means, should start to be afraid.

          When the United States begins to be afraid, the source of fear must be kept alert! Therefore, the recalcitrant ruler of Saudi Arabia must take this into account.
        2. -3
          4 December 2022 23: 29
          The United States should start to be afraid anyway

          Therefore, there is a high probability that Xi Jinping's plane may crash.
          And the main thing here is not oil and dollars, but the fact that Xi Jinping maintains good relations with Russia, which will only strengthen in the future, while relations with the United States, on the contrary, will worsen.
      2. +11
        4 December 2022 22: 37
        Quote: far diu
        If they really refuse to trade in dollars, then this will be a big defeat for the United States. In this case, respect in advance to Saudi Arabia and China.

        China has nothing to fear, but the Saudis should take a closer look at the fate of Muammar Gaddafi and its connection with attempts to introduce a gold dinar into the calculations.
        1. +7
          4 December 2022 23: 18
          Yes, you are right! Do not Underrate the dirty playbook of the US UN NATO EU
          They have elevated manipulation to a higher art And are the master of this dirty game
          1. +1
            5 December 2022 00: 28
            As they say in Russia - there is a screw for a cunning ass..
        2. +2
          5 December 2022 00: 22
          Quote: DymOk_v_dYmke
          the Saudis should take a closer look at the fate of Muammar Gaddafi and its connection with attempts to introduce the gold dinar into the calculations.

          ) the bourgeoisie needs oil, and the likelihood that when the government changes from there it will not become very high at all
    3. +9
      4 December 2022 21: 00
      This would be a super action and a spit in the mattress and geyropny wassat
    4. +10
      4 December 2022 21: 04
      Did you live? Well, once again, let Bidon fly to the Saudis and China, bringing threats and only threats - and why was he sent, do not understand?
    5. +26
      4 December 2022 21: 09
      quite naturally, after the mattresses stole 300 lard from Russia, anyone will think about who is next
      1. +28
        4 December 2022 21: 17
        This is probably not the only issue here. Also in the fact that, as practice has shown, there is simply nothing to buy bucks in significant quantities .. Goods have long been produced by Southeast Asia and not the West, but they don’t give you what is tasty in the West itself. All sorts of husks, such as skyscrapers and film studios - please, back in the 80s, the Japanese were steaming on them, but let's say enterprises or ports, I'm not talking about technologies - no longer. Then the question is immediately - well, why does the country need so many dollars? Where to put them if there is somehow no desire in the treasure?
        1. +1
          5 December 2022 07: 33
          It's all true, except that they are investing in the dollar, supposedly to preserve the accumulated from the effect of inflation, and the UWB pays its obligations on time. As soon as they stop investing in treasuries, this will be a signal to abandon the dollar, but for now we do not see this.
      2. +4
        4 December 2022 22: 40
        Quote: Vasilenko Vladimir
        quite naturally, after the mattresses stole 300 lard from Russia, anyone will think about who is next

        Russia is not the first, but it didn't think about it.
        She danced on a long-known rake. hi
        1. 0
          5 December 2022 07: 39
          Quote: DymOk_v_dYmke

          Russia is not the first, but it didn't think about it.
          She danced on a long-known rake.

          No need to dramatize. First, until they stole it. At the moment, the only change is that Russia has ceased to receive interest on this amount. And the amount itself, as it was frozen in the gold reserves of Russia, is now frozen. The Central Bank of the Russian Federation continues to consider it the property of Russia and continues to print rubles for it. And precisely for this reason, Biden's words about 200 rubles / $ did not come true. So now the difference is insignificant. That's why Ursula wants to push through the confiscation order. But whether this will work is still unknown. But even if it does, Russia has an answer - the confiscation of the property of Western investors in Russia. And it will be more than 300 billion. But this is a world war. So we thought in advance and the game is still played.
    6. +3
      4 December 2022 21: 11
      If this is the case, as it is written in the article, then we can expect a global financial crisis. Which will arise after the collapse of the dollar.
      1. +10
        4 December 2022 21: 23
        Not necessarily a crisis. The Yuan used to be the fourth most important reserve currency. Will be the second.
      2. 0
        5 December 2022 00: 26
        Quote: Sergey985
        If this is the case, as it is written in the article, then we can expect a global financial crisis. Which will arise after the collapse of the dollar.

        no more, a storm in a glass of seven dwarfs, no more
    7. +4
      4 December 2022 21: 12
      Head of China, heads of Middle Eastern states. We decided to have an informal meeting.
      And reporters from all over the Western world already know what they will talk about.
      They don't know what the heads of the USA, Great Britain and Japan will say tomorrow. And about China and the Middle East - this is well known to everyone. And for tomorrow, and what is the course for 20 years ahead.
      1. +3
        4 December 2022 22: 25
        This is an integral part of diplomacy, the preparation of all interested parties. The question is, is it a leak of information by China or a warning from the US that we are all on loan.
    8. +4
      4 December 2022 21: 14
      All the Arabs need from China, Russia and India are security guarantees and a roadmap in the event of NATO aggression in the Middle East. And then, the Arabs will be interested in the multipolar world. And some more indulgences in the jurisdiction on price gouging and collusion in cartels. Given the not quite "correct" games of China with the yuan and its exchange rate, according to the West, they can agree
      1. 0
        4 December 2022 23: 33
        I don't think Xi Jenping is flying to Saudi Arabia to discuss yuan trade - December 6th.
        And in general, he definitely flies to Saudi Arabia?
    9. 0
      4 December 2022 21: 19
      Now the Saudis will begin to look for a lack of democracy.
      1. +11
        4 December 2022 21: 26
        Yes, they never had it, and they live well
        1. +5
          4 December 2022 22: 42
          Quote: novel xnumx
          Yes, they never had it

          The easier it is to search. hi
          1. +3
            4 December 2022 23: 12
            The easier it is to search

            Scrupulously noticed! hi
        2. +8
          4 December 2022 23: 07
          So it doesn't exist anywhere in the world. Do you remember such a game "cold - hot"? So, if you look for democracy in democratic countries, there is a severe frost.
      2. +1
        4 December 2022 23: 33
        Quote: Metallurg_2
        Now the Saudis will begin to look for a lack of democracy.
        LGBT protection is in vogue today
        For a "tear" of a gay usa, they will "tear the mouth" of anyone ...
        am
        1. +2
          5 December 2022 09: 13
          The Saudis don't treat gay people very well.
    10. +4
      4 December 2022 21: 19
      Riyadh has previously threatened to pull out of some dollar-denominated oil deals to counter possible pressure from US legislation exposing OPEC members to antitrust lawsuits.


      Now from threats to actions and these are only the first steps...
    11. +1
      4 December 2022 21: 21
      Chinese President flies to Riyadh to discuss with Arab leaders the possibility of abandoning oil trade in dollars

      he is accompanied by two ABs, four APs and up to 30 EMs, and all this is in the order of a working trip ... laughing laughing
    12. +4
      4 December 2022 21: 25
      It looks like China is starting to get serious. And this is a very strong bell ringing for the Americans.
      Our oil and gas, combined with the rejection of settlements in Chinese dollars, is already reminiscent of the construction of the necropolis of Uncle Sam.
    13. 0
      4 December 2022 21: 58
      Well, some "Western experts" said this, and Xi hardly reported his intentions to them. We need official information, not fortune-telling on ̶n̶e̶f̶t̶ya̶n̶o̶y̶ ̶zh̶i̶zh̶e̶ coffee grounds.
    14. 0
      4 December 2022 22: 29
      Pro-American experts say that the Saudi authorities thus demonstrate "an inappropriate attitude towards their long-time ally - the United States."

      Maybe I don’t remember everything, but haven’t these Saudi authorities recently called the United States a criminal regime, and Biden personally demanded that the Saudi prince be put on trial? Why did some people in the White House change their shoes so quickly and write down the Saudis as allies?
      1. +1
        5 December 2022 09: 10
        Because the US are just showing their true colors, as they change their foreign politics however it suits their current interest.
    15. +2
      4 December 2022 22: 33
      Yeah, finally from words to deeds !!! Bravo China, excellent Saudis !!!
    16. +5
      4 December 2022 22: 55
      Well, what can I say? - mattresses jumped with their dollar club and disconnections from SWIFT. More and more countries are thinking that having too many dollars means being at risk and at any moment, according to any sneeze from Washington, you can be insolvent.
      The arrest of Russian 300 billion dollars only once again "cheered up" the fears of those whose trade is carried out in dollars and prompted them to look for an alternative, rely on mattresses, but don't make a mistake yourself.
    17. The comment was deleted.
    18. SIT
      +4
      4 December 2022 23: 41
      There were already those who wanted to trade oil not in dollars. These are Saddam Hussein, who began to create a platform for trading oil for the euro, and Muammar Gaddafi, who decided to trade oil for the gold dinar inside Africa as well. As a result, the US ARMY has shown that it is the only army in the world that feeds the country, and not vice versa. But in the current version, all sorts of storms and rustles in the desert do not roll, because. China will act as a partner of Saudi Arabia, which will easily send a couple of million vacation volunteers to help the SA, but they will take standard weapons so that they do not rust in warehouses, but are serviced as expected. At the same time, China, if it comes somewhere, then for a really long time, and not like Russia in Kherson. So in this scenario, the Jamaican monetary system will go to the dustbin of history, and this is a war in any case, because. The US then becomes bankrupt and has nothing to lose.
      1. +1
        5 December 2022 00: 37
        Quote: SIT
        The US then becomes bankrupt and has nothing to lose.

        300 lambches of the Americans is nothing? or do you think that they are able to fight and achieve something with conventional weapons?
        1. +1
          5 December 2022 02: 27
          The next mantras on the theme of "the funeral of the dollar" .... Yes They bury, they bury, but they can't bury... winked
          1. 0
            5 December 2022 12: 50
            Quote: Monster_Fat
            The next mantras on the theme of "the funeral of the dollar" .... Yes They bury, they bury, but they can't bury... winked

            the protracted funeral of the dollar is one of the wonders of the modern world, everyone understands that it is not secured, but everyone is afraid to change anything
      2. 0
        5 December 2022 15: 16
        It is because of this, and not because, Hussein was a treaty-violating terrorist, and Gadaffi was the new Mussolini. And then, moreover, to Gaddafi of the United States, if everything was brewed by France.

        Well, I advise the witnesses of a powerful, new currency to familiarize themselves with what the euro dollar is (it has nothing to do with the euro)
        And then talk about the funeral of the dollar
    19. 0
      5 December 2022 01: 40
      What will happen to the dollar - there are many experts, they know.
      The article offers two photographs - the leaders of two civilizations
      I looked, everything is very good. Invisibly there is a third...
    20. +3
      5 December 2022 02: 38
      What did the US want?
      After the adoption of the "ceiling prices" for oil initiated by them, it became simply obvious from the dollars and their "very smart" owners that they must be brought down, because they will rob!
      After all, in addition to this, OPEC + also reduces production by two million barrels. If this continues in accordance with the fact that we do not sell oil to the “ceilers”, this will simply be a triple hook.
    21. +2
      5 December 2022 02: 49
      The G7 are fast becoming irrelevant.
    22. 0
      5 December 2022 03: 21
      “Now he is bringing rulers from all over the Middle East and North Africa to the Sino-Arab summit, where Xi Jinping is expected.”

      ***
      - "East is a delicate matter!" ...



      ***
    23. 0
      5 December 2022 04: 04
      We are waiting for Blinkin's "statement" - Russia is to blame. Looks like the beginning of the end for the Fashington scammers.
    24. +1
      5 December 2022 04: 17
      God bless justice! At last the world has moved!
    25. 0
      5 December 2022 04: 28
      oooh, now the Saudis will find Islam unsuitable for democracy .... all of a sudden
    26. 0
      5 December 2022 06: 36
      Haaa! Good news ! Let's see how it will develop further
    27. 0
      5 December 2022 09: 11
      Western experts said? Westerns have experts? laughing
    28. 0
      5 December 2022 10: 13
      Quote: poquello
      serious ass for the seven dwarfs

      Remembering Snow White again...
      By the way, she had a very good ass.)
    29. 0
      5 December 2022 10: 16
      Quote from: Laki_Rusyn
      Westerns have experts?

      there is, unfortunately.)
    30. +1
      5 December 2022 10: 24
      Quote from: Laki_Rusyn
      they change their foreign policy, however

      I doubt that the US has a face.
      Like in a puppet theater - only masks.
    31. 0
      5 December 2022 18: 57
      Quote: Sergey985
      If this is the case, as it is written in the article, then we can expect a global financial crisis. Which will arise after the collapse of the dollar.

      My opinion is that soon we will be pasting the toilet with dollars! wink
    32. 0
      7 December 2022 06: 07
      "Rebelliousness", "inappropriate behavior" ... I didn’t understand something, but what about democracy, the equal sovereign rights of all states, large and small ... Khokhlam, then you could try to eat from two bowls, and the Arabs, therefore , No. Why?
    33. 0
      9 December 2022 10: 26
      All you need to know about the attitude of the United States towards even its closest partners and "friends" - these are the words voiced by them themselves in relation to the sovereign leader of a sovereign state - "showed disobedience."
      And then you can no longer return to the question of why the States do not have real equal friends, but only either enemies or obsequious lackeys, reverently catching every movement with an eyebrow from a big gentleman and ready for any crime in order to be affectionately patted on the cheek ...

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