• darvocet@infosec.pub
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    1 year ago

    I don’t know why we’d be surprised. If you outsource everything to China eventually that will be so much money they get to pick payment methods.

    • ghost_laptop@lemmy.ml
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      1 year ago

      It is because the West sanctions and freezing the money of Russia triggered fears of the same in the Global South, so dedollarisation is happening. Countries are looking for alternatives to not fall in the weaponisation of the dollar, there was a recent article by a former CIA advisor talking about this I will try to link it.

    • BlameThePeacock@lemmy.ca
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      1 year ago

      Not really, this has more to do with its size and the fact that they’re forcing themselves on a desperate Russia.

      • ghariksforge@lemmy.worldOP
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        1 year ago

        Trade with Russia is not %50 of China’s trade. It’s much less than that.

        This is de-dollarization in motion.

        • BlameThePeacock@lemmy.ca
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          1 year ago

          Nobody said it was, but Russia is a major oil supplier to them, it used to be done in US dollars but given the current situation China has been able to force them to use the yuan. Its not like theyre able to pull this off against the major western countries. A lot of their previous yuan based trade was with Hong Kong, North Korea, etc.

      • freagle@lemmygrad.ml
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        1 year ago

        Sure, the undermining of the most advanced economy in the history of the world only started happening since the US started putting sanctions on Russia. Nothing to do with the preceding decades.