China Challenges Petro-Dollar, Launches Electro-Yuan For Energy Trades
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最新报道：Chinese President Xi Jinping announced the launch of the electro-yuan at the SCO 2025 summit in Tianjin, aiming to settle energy trades and challenge the petro-dollar system. The initiative will initially fund wind and solar projects in Central Asia, leveraging SCO members' vast energy reserves—20–25% of global oil, 44–50% of natural gas, and 35–40% of coal. With no specified timeline, the move seeks to expand yuan usage, supported by China’s record $40 billion trade turnover in the region and planned investments in SCO countries like Kazakhstan and Kyrgyzstan.
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