Saudi Arabia says the want to create the “petroyuan” after Saudi Arabia refuses to accept American plan

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Saudi Arabia’s minister of industry says country willing to ‘try new things’ in relationship with China, Chinese companies ‘welcome’

A top official from Saudi Arabia said the country is “open to new ideas” – including use of the yuan in crude settlements – as the oil-rich Middle Eastern nation looks to incorporate Chinese products like electric vehicles (EVs), the C919 passenger jet and renewable energy infrastructure while it attempts to diversify its economy.

www.scmp.com/economy/global-economy/article/3277788/saudi-arabia-open-petroyuan-closer-china-ties-minister-says

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