China launches crude oil futures trading

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China’s yuan-denominated crude oil futures contract, the first of its kind listed on the Chinese mainland to overseas investors, began trading on Monday at the Shanghai International Energy Exchange.

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Comments

Rajasingam Muthusamy says:

Petroyuan is more for local investor sentiment. New organization with new master to tap and gain on commissions and find foreign investor links. In someway petroyuan will make some headways as it is government sponsored but how much or how long will be the question on many investor's mind.

Kamwai Chan says:

This is the beginning of the new world order, the petrol yuan will give the world an alternative payment for the oil commodity which is back by gold. Where as the petrol dollar is back by military power and that country is also the biggest debtors to the world.

Ayan Hossain says:

chinese r very clever and united mentality.they wont show there happiness but it will come in a grt storm for there own beneficial interest……vice versa the bubble economy of USA will burst slowly but steadily…
bye bye america good days.

use the force says:

China has worked hard for this moment, give them credit , it is due.

ioan dumitru says:

China can make even a bigger move – to make a separate Chinese railways builder company to participate in world market of Asia-Africa railways investments – lots of moneys from Arabian oilers. If China disrupt oilers from American financial system, than America will collapse next day after.

chocolatetang says:

I am pretty sure the BGM is from a RPG video game

JoesJamesJungg SeaCeeZees says:

Go china go to the top.

Rez Cos says:

USA recession or war incoming. Brace yourself.

Ritmo Del Toro says:

NOT EVEN 200 VIEWS IN THE FIRST DAY FOR A WORLD CHANGING EVENT . ARE THE CHINESE BUSY WITH K-POP NOW???

Ron Ron says:

For 3-5 years USA will only have some small decline if any because USD is very strong whether we accept it or not and very fast collapse of USD is not in the interest of China either. BUT after that HEHEHE maybe in 5-10 years, if the USA government has capable leader at that point maybe they can make soft landing of USA economy but if not then the life of average welfare american citizen will get really hard.

OR USA will invade China and all of us will become radiated ashes.

senator agrapa says:

yuan itself depends on USD so how can China make a deal without USD …most ridiculous …

Htin Moe says:

This is the beginning.

shoaib568 says:

oh man USA will be very mad 🙂

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