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China aiming for ‘de-Americanised world’ with renminbi replacing dollar

Posted on 21 October 2013

Given the scale of China’s consumption of fossil fuels and raw materials, it is only a matter of time before the renminbi replaces the dollar as the primary currency for trading commodities and resources.
China has overtaken the US as the world’s largest oil importer and goods trading nation. Over the next five years, it will surpass the rest of the world combined in its consumption of base metals………………………………………..Full Article: Source


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