Evening Edition: China Pushes For Oil To Be Traded In Yuan Not The Dollar

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 16 December 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Chinese President Xi Jinping addressing Gulf leaders in Saudi Arabia Friday called on leaders of top oil producing countries to start trading oil using the Chinese yuan instead of the U.S. dollar. This move would cause a significant and costly hit to the dollar and other Western markets. FOX's Eben Brown speaks with Gordon Chang, expert on U.S.-China relations and author of "The Coming Collapse of China" and "The Great U.S.-China Tech War", who says this could become a troubling economic change for the United States. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:30.2	I'm Greg Gutfeld.
0:31.4	I'm Tammy Bruce.
0:32.4	I'm Steve Ducey and this is the Fox News rundown.
0:39.2	Friday, December 16th, 2022, I'm Evan Brown.
0:44.0	The world buys oil and pays for it with US dollars, but what if it didn't?
0:50.0	China wants to buy petroleum using its own currency
0:54.2	and Saudi Arabia might just be accepting it as payment?
0:57.8	China could not do this on its own.
0:59.8	It could only do this if the budget administration opened the door
1:03.8	and Biden certainly opened the door.
1:05.8	This is the Fox News rundown evening edition.
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