Related to China, these two good news Saudi Arabia | RMB | China

These two good news are related to China.

The first good news comes from Pakistan.

According to an exclusive Reuters report, Pakistan has received the first batch of discounted oil from Russia. Guess what currency was used for payment?

RMB!

The specific discounts and details are not what we are concerned about in this article. But Reuters will report exclusively on this, as it is indeed a significant move, Pakistan's first purchase of Russian oil in Chinese yuan, no longer in US dollars.

The report quotes analysts as saying that this South Asian country is exploring new ways to buy and sell commodities without using the US dollar for trading, which may be a sign of the country's shift from the West to the East.

To some extent, this is at least a triple win.

Pakistan lacks foreign exchange and has bought oil at a lower price, which is the first win.

Russia has gained a new export market and obtained the desired RMB, which is the second win.

For China, this is definitely not a bad thing either.

Regarding this matter, Reuters should have specifically asked the Chinese Ministry of Foreign Affairs, and the response received was: "This is normal trade cooperation between Pakistan and Russia, and it is within its sovereignty. In principle, we are open to settling crude oil trade in RMB."

This is calmness and confidence.

It can be certain that Pakistan is not the first country to purchase oil in Chinese yuan; It can also be confirmed that after Pakistan, more countries will choose to pay for oil and other commodities in RMB.

Let's just ride a donkey and read the singing book - let's wait and see.

The second good news, also somewhat related to oil, comes from Saudi Arabia.

On June 11th, the first day of the 10th Entrepreneurship Conference of the China Arab Cooperation Forum, all parties signed 30 investment agreements worth 10 billion US dollars, covering multiple fields such as technology, renewable energy, agriculture, real estate, minerals, supply chain, tourism, and healthcare.

It's really soft to sign in. Arabs are very happy, and Chinese people are also very happy.

What will the United States think?

Americans must be very unhappy.

In fact, when asked about Western dissatisfaction and pressure, Saudi Energy Minister Abdul Aziz bin Salman answered very simply: "We actually ignore those criticisms. We should go wherever there is an opportunity like any pragmatic person."

The criticism from the United States is that Saudi Arabia does not take care, what should be done.

Opportunities lie in the East, and Saudi Arabia's relationship with China is deepening, not just in the oil sector.

To some extent, Saudi Arabia has also seen through the United States. The new generation of Saudi leaders, especially those who see through the hypocrisy and selfishness of the United States, are also self righteous and bossy.

For example, in order to reduce domestic inflation, Biden personally visited Saudi Arabia last year and demanded that Saudi Arabia increase oil production.

What does Saudi Arabia do? At that time, there was indeed a symbolic increase in production. But a few days later, Saudi Arabia announced that it would reduce production even more significantly. Angered, the United States cursed loudly, claiming to "reconsider" its relationship with Saudi Arabia.

But the threat from the United States has never been put into action. According to media analysis, Saudi Arabia has at least three trump cards.

Firstly, petrodollars. Previously, this was America's ace, but now it is Saudi Arabia's chip. If Saudi Arabia really abandons oil pricing, the United States will definitely be even more eager to jump.

Secondly, international oil prices. The United States is helpless. As the world's largest oil exporting country, Saudi Arabia has an important say in international oil prices, which will affect gasoline prices in the United States and subsequently affect government support.

Thirdly, there is a huge investment. A large portion of Saudi Arabia's huge foreign exchange earnings have been invested in the United States. If one day, Saudi Arabia is provoked and Saudi Arabia stops investing, what will the United States do?

So now, the United States can only be so angry that it can't do anything about Saudi Arabia.

Of course, Saudi Arabia's confidence lies in its own strength and status, which the United States cannot underestimate; On the other hand, it must be noted that other currencies, including the Chinese yuan, provide Saudi Arabia with new choices.

The world landscape is undergoing significant changes. In fact, it is precisely because of this change that Saudi Arabia and Iran achieved historic reconciliation in Beijing through China's mediation; Saudi Arabia is still actively considering joining the BRICS and SCO, and is in negotiations to join the New Development Bank of the BRICS.

The above two good news should be just a small commentary on the transformation of this era; But it is all related to China, and from another perspective, it showcases China's level of openness and attractiveness, as well as diplomatic art.

The art of diplomacy is to have more friends and fewer enemies, and to have more friends makes the road easier.

Of course, we must also be clear headed.

After all, this is still a critical period for the renminbi, and we are also facing significant challenges. The strong emergence of the renminbi, at least in the eyes of some Americans, has changed their cheese. Will Americans be willing to give up?

The heart of harming others cannot be absent, and the heart of preventing others cannot be absent.

But we need more confidence.

There are many challenges, but in this world, which country does not have challenges?

With China's current size and strength, as long as we work together without any obstacles, and as long as we effectively manage our own affairs, we will not be afraid of any east, west, north, south winds. Even if the United States demands to take sides, I believe there will be many countries that refuse to take sides.

The Saudi Energy Minister's statement is true: pragmatic people go wherever they have the opportunity.

The international situation is changing in 2023, but this is definitely the Chinese yuan and also a crucial year for China.

Drama must start with the prologue, but the prologue is not yet the climax.

Personal opinion does not represent any organization