IF you pay some attention on recent China petrol company move, you would notice that China is aggresively buying into petrol company or log in agreeement with most of the big players in petrol field.


It gives clear signal that CHINA is serious in pushing YUAN to be an international currency.


Buying into Petrol is a counter measure to prevent the side effect of weakening dollar which may cause price surge in crude oil. As a developing country, china consumption of fossil fuel is huge and the price rise in crude oil will definitely cause serious inflation to country and bring negative impact to its economy.

It is undeniable that YUAN is gradually moving up and jostle with dollar to be international currency.