Xi Jinping calls for oil trade in Yuan. The Chinese leader declared that his visit marked the beginning of a new era in relations.
On Friday, President Xi Jinping informed the leaders of the Gulf Arab nations that China would seek to purchase gas and oil in yuan, a gesture that would promote Beijing's intention to establish its currency globally, reports Gulf News.
Xi was speaking in Saudi Arabia, where Crown Prince Mohammad bin Salman had hosted two "milestone" Arab summits with the Chinese president that highlighted the prince's regional gravitas as he pursues alliances beyond the country's deep historical relations with the West.
During Xi's visit, top oil exporter Saudi Arabia and economic powerhouse China both issued strong statements about "non-interference".
Crown Prince Mohammad lauded the "historic new phase of relations with China" at the commencement of Friday's discussions.
Despite the fact that Saudi Arabia and China inked multiple strategic and economi...
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