Russian central bank governor Elvira Nabiullina says the yuan’s share in Russia’s exports has increased from 0.4 to 34.5 per cent, replacing the US dollar and euro as its ‘primary’ currency for foreign economic activity.
I mostly agree, but I’m sure the Chinese don’t mind seeing what happens when the West is faced with an ambivalent-to-hostile nuclear power, with deep commercial ties, going to war to press questionable territorial claims.
I mostly agree, but I’m sure the Chinese don’t mind seeing what happens when the West is faced with an ambivalent-to-hostile nuclear power, with deep commercial ties, going to war to press questionable territorial claims.