Recently learned from National Energy Administration that Chinese energy representatives held a video meeting with Saudi Energy Minister, and both sides expressed their strong desire to establish long-term, stable and lasting cooperation in the energy field. Some foreign media even believe that after the United States broke up with Saudi Arabia, China is gradually replacing the United States' position in the Middle East energy system, and then connecting with the renminbi oil settlement channels that China and Saudi Arabia have established, China may establish a new "oil RMB" different from the US dollar system in the next three to five years, or even shorter.
As we all know, after the United States linked the US dollar to oil, it not only monopolized most of the world's energy trade, but also established the hegemony of the US dollar worldwide, which allowed the United States to rely on financial tools to spread around the world and harvest world wealth for its own use. It is no exaggeration to say that the reason why the United States is so arrogant is that it has the foundation of US dollar hegemony, supporting its military and technological hegemony, thereby achieving its global influence.
If this logic is analyzed, if the Middle East oil-producing countries represented by Saudi Arabia take the initiative to link oil to the RMB and use the digital RMB payment channel for foreign transactions, it is equivalent to announcing the death of US dollar hegemony, establishing China's absolute position in the global economic and trade field, and thus allowing China to gain a stronger global influence and voice than it is now.
During the talks between the two sides, both sides recognized two crucial issues.
First of all, China is the most important energy consumer in the world and Saudi Arabia is an important energy producer. The implementation of long-term friendly cooperation between the two sides is not only beneficial to both sides, but also has very important significance for maintaining the stability of the international energy market. This means that China and Saudi Arabia will work together to stabilize oil prices and ensure that China obtains stable and sufficient oil, so that Western financial forces cannot take the opportunity to disrupt the situation and reap wealth from it.
Secondly, after more than half a month of conflict in Russia and Ukraine, both sides have deeply realized the importance of energy. From the Saudi perspective, a strong China is not only the driving force for Saudi Arabia's development, but China can give Saudi Arabia respect and equal treatment, but the United States cannot. Saudi Arabia is willing to exchange its own oil resources, and China also adheres to the principle of win-win cooperation and opens up a win-win situation for the world.
analysts believe that the world has been suffering for a long time, and they continue to create chaos and rely on the hegemony of the US dollar to reap unscrupulous wealth around the world. To change all this, we must first break the dominant position of the US dollar, which gives Saudi Arabia a once-in-a-lifetime opportunity. Anti-U.S. nationalist sentiment in the Middle East has reached its peak. For future development, Saudi Arabia must re-choose the direction and path of development, cooperate in depth with China, link oil to the RMB, and rely on the advanced digital RMB system to break free from the constraints and control of the United States, which has become a consensus among many oil-producing countries, including Saudi Arabia.
At present, Saudi Arabia, UAE, Qatar , Venezuela , Iran and Russia have opened RMB payment channels to bypass the US dollar system for direct transactions, which means that a new international pattern is rapidly forming. According to Western media, the oil RMB is being established, the hegemony of the US dollar has been undermined, and the world will enter a new era.
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