China to use Shanghai exchange for yuan energy deals with Gulf nations - Xi

China's President Xi Jinping said in Riyadh on Friday that China and Gulf nations should make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade.

China and states of the Gulf Cooperation Council (GCC) are natural partners for cooperation, Xi said in a speech at the China-GCC summit.

"China will continue to import large quantities of crude oil from GCC countries, expand imports of liquefied natural gas, strengthen cooperation in upstream oil and gas development, engineering services, storage, transportation and refining, and make full use of the Shanghai Petroleum and National Gas Exchange as a platform to carry out yuan settlement of oil and gas trade," he said.

One world for this pix in the face of USA

Petrodollar is going to be killed

Dollar is dying. It remains for countries to un-peg their local currencies from the dollar and attach it to gold. And see dollars in free fall.

The world in 2030 will be a very different place, and I welcome it with all my heart. Western hegemony should be dusted and destroyed. It's the single source of planetary sorrows.

pansophist:
The world in 2030 will be a very different place, and I welcome it with all my heart. Western hegemony should be dusted and destroyed. It's the single source of planetary sorrows.

Welcome back.
I missed reading your posts. Hope you are fine?
I guess you were busy. Good to have you back.

dobnina:

Welcome back.
I missed reading your posts. Hope you are fine?
I guess you were busy. Good to have you back.

Thank you. Yes I'm back.

Welcome to multipolar
Thanks to Russia, now African leaders need to wise up like Gulf nations are doing now.

Saudi also raise up Syria government flag for the first time in 11 years, the Saudi and gulf nations regime changed in Syria have failed thanks to Russia and Iran.

USA biggest mistake was using Ukraine to attack Russia

It back fire

All all I see are Putin sons, who don't understand how foreign exchange,
I laughs when I see their ignorant post and comments

seunny4lif:
Welcome to multipolar
Thanks to Russia, now African leaders need to wise up like Gulf nations are doing now.

Saudi also raise up Syria government flag for the first time in 11 years, the Saudi and gulf nations regime changed in Syria have failed thanks to Russia and Iran.

Please show us proof,
You certainly are not up to speed on how the political dynamics work in the middle east,
How can Saudi support Syria when Syria is a proxy of the Iranian regime..

Why you are here ranting in nairaland the sudis pays and maintain the biggest USA airfoce base in whole of Asia in the Saudi kingdoms.
The civil war in Yemen is another example of the power struggle between the sanni Saudi and the sunna Iran.

pansophist:
The world in 2030 will be a very different place, and I welcome it with all my heart. Western hegemony should be dusted and destroyed. It's the single source of planetary sorrows.

2030 Lol, funny dude.
Democracy has survived for over 200 years and it will continue to flourish,
Nothing you can do to stop it, the west will continue to wax strong and its countries / allies will Continue to be at the top of the food chain

obedience4:


2030 Lol, funny dude.
Democracy has survived for over 200 years and it will continue to flourish,
Nothing you can do to stop it, the west will continue to wax strong and its countries / allies will Continue to be at the top of the food chain

And for thousand of years, other political methods have survived. So what's your point?

Democracy won't die, but the world have realised that it's not the best system. Nigeria is democratic you know?

pansophist:


And for thousand of years, other political methods have survived. So what's your point?

Democracy won't die, but the world have realised that it's not the best system. Nigeria is democratic you know?

Lol, democracy will and will remain the best form of government.
Just because Nigeria is bad doesn't mean it democracy is bad..
Google the top 20 biggest economies, and 70 ℅ are practicing one form of democracies,
If I may ask what system of goverment do you postulate is good for running a Muti ethnic country like Nigeria?

seunny4lif:
Welcome to multipolar
Thanks to Russia, now African leaders need to wise up like Gulf nations are doing now.

Saudi also raise up Syria government flag for the first time in 11 years, the Saudi and gulf nations regime changed in Syria have failed thanks to Russia and Iran.

Your ignorance; the world has always been multipolar.

obedience4:


Lol, democracy will and will remain the best form of government.
Just because Nigeria is bad doesn't mean it democracy is bad..
Google the top 20 biggest economies, and 70 ℅ are practicing one form of democracies,
If I may ask what system of goverment do you postulate is good for running a Muti ethnic country like Nigeria?

Although I would choose democracy over any form of government but it doesn't equate good governance all the time

obedience4:


Lol, democracy will and will remain the best form of government.
Just because Nigeria is bad doesn't mean it democracy is bad..
Google the top 20 biggest economies, and 70 ℅ are practicing one form of democracies,
If I may ask what system of goverment do you postulate is good for running a Muti ethnic country like Nigeria?

Too much ignorance and arrogance in one post, a deadly combination. Democracy is also the source of colonialism, imperialism, slavery, military industrial complex, atomic bombs, porn, only fans, so what's your point?

You can't exalt democracy, while ignoring it's evils. Most importantly, democracy has been propped up by putting other systems down, so it's inaccurate to say with full chest that it's the best system.

Democracy is like that thief that is a pastor, telling everyone that pastoral jobs is the best meanwhile all your wealth is stolen from your members in form of tithes, offerings, testimony etc.

As for the best systems for Nigeria, well, I won't put out any, because I recognize the limitations of my knowledge in that subject, but for you to say that is only democracy makes me wants to invoke amadioha.

And oh, the largest economy right now (China)is not democracy. And most importantly for all human history (except the last three hundred years), the largest economies and centre of the globe was not the West. It's India and China.

So judging the present as a true representation of human civilisation is wrong.

Dvdpity:
Dollar is dying. It remains for countries to un-peg their local currencies from the dollar and attach it to gold. And see dollars in free fall.

The US will fight tooth and nails to make sure the world continues relying on dollars.

It is the single factor that makes their economy strong.
Kill the dollar and see the US economy with Allied go down and they won’t fold their arms and see china do that.

They will fight back

pansophist:
The world in 2030 will be a very different place, and I welcome it with all my heart. Western hegemony should be dusted and destroyed. It's the single source of planetary sorrows.

It is a welcome development but I don’t see US folding their arms while china bangs them from behind.
They will fight back

emmaodet:


It is a welcome development but I don’t see US folding their arms while china bangs them from behind.
They will fight back

The question is, what can they do? Except war, I don't see how they will reverse the inevitable trends. And one rule of war is that you dare not fight a super power that is capable of destroying you.

obedience4:


Lol, democracy will and will remain the best form of government.
Just because Nigeria is bad doesn't mean it democracy is bad..
Google the top 20 biggest economies, and 70 ℅ are practicing one form of democracies,
If I may ask what system of goverment do you postulate is good for running a Muti ethnic country like Nigeria?

Either regional government or full military rule.

pansophist:


The question is, what can they do? Except war, I don't see how they will reverse the inevitable trends. And one rule of war is that you dare not fight a super power that is capable of destroying you.

Yes, war is the only option and that is the main reason they are fanning the ember of war between china and Taiwan.
US has learnt over time from different wars they have engaged in that direct wars are always too expensive and human draining in terms of death. So the new method is to pair your neighbors against you to wane you financially and drain you through the war before playing their last card of banging you.
Ukraine is being used to drain down Russia and while doing this, they quickly add sanctions to it starve their enemy while seizing your foreign reserves.
A country not well prepared will go back 20/50 years after such war which gives the US and Allies another 20/50 years of breathing space and further advancement while their competitor is still trying to find his foot.
The plan is to provoke china against Taiwan and if china takes the bait, quickly place sanctions on them while they seize over 2 trillion bonds US is owing china while heavily arming Taiwan.

All these will slow down the future progress of china and if properly financially starved, it will go bankrupt and they have the opportunity to sponsor unrest in china and break the country further to finally weaken it, same as Russia.

The truth is the U.S made a grave mistake in weaponizing the u.s. dollars and swift in sanctions against Russia
They've been doing it against smaller countries but Russia is no small country
Many of you don't know why brics was created.
The reign of the u.s. dollars global status is about to come to an end

pansophist:


The question is, what can they do? Except war, I don't see how they will reverse the inevitable trends. And one rule of war is that you dare not fight a super power that is capable of destroying you.

Egypt has joined Brics

Regex:


Egypt has joined Brics

They joined the BRICS development Bank, but it's a step closer to joining the alliance fully

There will never be anything like multipolar world. Unless there is no central law governing the world like UN. Before you qoute me, UN is the world's power, Law and enforcement. All these Russia vs Ukraine, China vs Taiwan, US vs Russia and China is all a mind control game being played on you. They are all one behind the scenes of the movie which you are seeing. Your father's saw it and yes you are seeing it and your children will see it, but it will always be different episode of misinformation. YOU ARE THE VICTIM AND YOU WILL ALWAYS BE. THATS THE PLAN OF THE GODS (reptilians) some call them Demons and some Angels, Lolz.

Wake up, Wake up.
There will be no 3 world war but a POPULATION CONTROL episode of the Movie: EARTH.

emmaodet:


Yes, war is the only option and that is the main reason they are fanning the ember of war between china and Taiwan.
US has learnt over time from different wars they have engaged in that direct wars are always too expensive and human draining in terms of death. So the new method is to pair your neighbors against you to wane you financially and drain you through the war before playing their last card of banging you.
Ukraine is being used to drain down Russia and while doing this, they quickly add sanctions to it starve their enemy while seizing your foreign reserves.
A country not well prepared will go back 20/50 years after such war which gives the US and Allies another 20/50 years of breathing space and further advancement while their competitor is still trying to find his foot.
The plan is to provoke china against Taiwan and if china takes the bait, quickly place sanctions on them while they seize over 2 trillion bonds US is owing china while heavily arming Taiwan.

All these will slow down the future progress of china and if properly financially starved, it will go bankrupt and they have the opportunity to sponsor unrest in china and break the country further to finally weaken it, same as Russia.

Don't forget that the number one military strategy book written thousand of years ago was written by the Chinese themselves.

A quote from the book "the art of war" Where Sun Tzu wrote that "if you know your enemy and you know yourself, you don't have to fear the result of a thousand war".

I follow China closely, and I can beat my chest with full confidence that the rubbish the West tried with Russia, they will never try it with China. China is a different animal. China understands the West even more than they understand themselves.

The era they could destroy China has passed, and it was between 1949 to the 1980's where they implement a complete blockade and embargo on China. China was not even recognized as a country then by UN.

China lost over thirty millions of their citizens due to starvation, and even borrow from countries like Pakistan, but China persevered and built their systems completely outside western dependence. China is the true embodiment of the saying that if life throw you lemons, you make a lemonade.


The reason why the US seized Russia asset is because few US companies have money and business in Russia. If they try it in China, they will crumble. US companies depends on China for profit (eg Tesla, apple), and their investment in China is in the trillions. China will just seize it.

China has the largest internal market in the world. The whole West combined are not up to a billion people, but China is closely 1.5B people. Only an idiot business man will offend the ccp and get expelled from the world largest market.

Also, China in 2025 will be independent in most crucial tech, and sanctioning them will water off a ducks back. Bro just chill and relax. This decade will be an interesting one.


As for Taiwan, China only has two red lines that must not be crossed, which are building lf foreign military bases and declaration of independence. As far the status quo remains, China will not invade and will prefer peaceful reunification.

Masterviolence:
The truth is the U.S made a grave mistake in weaponizing the u.s. dollars and swift in sanctions against Russia
They've been doing it against smaller countries but Russia is no small country
Many of you don't know why brics was created.
The end of the u.s. dollars global status is about to come to an end

I give 5 star

Regex:


Egypt has joined Brics

even Nigeria is looking ahead of joining

pansophist:


They joined the BRICS development Bank, but it's a step closer to joining the alliance fully

This war really opened people's eyes.

Regex:


This war really opened people's eyes.

Like I said before, the war is the first fall in the domino effect, and the more hostile the West becomes, the more they inadvertently bring themselves down.

Clearly you don’t know anything about Syria war, cos if you do then you will know that Gulf nations supported and financed the regime change in Syria just like they did in Libya but this time around it failed in Syria due to Russia and Iran.
Qatar alone spend billions training and arming Syria rebels.

Just do research

obedience4:


Please show us proof,
You certainly are not up to speed on how the political dynamics work in the middle east,
How can Saudi support Syria when Syria is a proxy of the Iranian regime..

Why you are here ranting in nairaland the sudis pays and maintain the biggest USA airfoce base in whole of Asia in the Saudi kingdoms.
The civil war in Yemen is another example of the power struggle between the sanni Saudi and the sunna Iran.