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Yuan exceeds dollar in China's bilateral trade for first time (asia.nikkei.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] -2 points 1 year ago (1 children)

The global south has been dealing with the downside of dollar hegemony for decades. It's not like people suddenly got afraid due to recent sanctions. This ball has been rolling for decades.

[–] [email protected] 1 points 1 year ago (1 children)

I agree, but that certainly accelerated it, one thing is to sanction a small island or third world country and another one is to sanction a country like Russia, the message is different. If it was Russia's turn it could be Saudi Arabia's next, or whomever.

[–] [email protected] -5 points 1 year ago

Russia is special in the West and I don't think anyone has any illusions about that. No one except maybe China is comparable to Russia as the ebil spoopy bad guyz