Chinese DE DOLLARIZATION strategy : From petroyuan to the de dollarization of Asia and the world

China has developed an ingenious de dollarization strategy for its oil purchases, born out of the initial constraint of using the dollar. Today, Richard Détente explains what gradually led it to create the petroyuan. It is an essential step towards its next objective: to drive the dollar out of Asia within a few years. This Chinese strategy is not new; for several decades, it has been moving forward with a clear objective in mind: to dethrone the United States. This will require the removal of the American power from its trade monopoly and the dollar s hold on the world. This is why investments in Asia, especially in China, are more relevant than ever for your longterm investments. Richard Détente regularly discusses the importance of China in a balanced portfolio. Oil and gold are the absolute benchmarks in terms of economic positioning. Controlling both via one s currency is a major stake. Since the second world war, the USA reigns without sharing these two instruments of power. But now,