All countries are forced to buy/sell Oil with USD.
There are starting to be some cracks in that monolith:
https://www.reuters.com/article/uk-iran-oil-dollar-idUKDAH83366720071208
https://www.rt.com/business/422472-russia-china-petro-yuan/
Posted Using LeoFinance Beta
quite right
The reason for this is because there is a USD shortage globally.
Not because they are opting out of it. China is in desperate need of USD and they are facing declining exports along with a lot of USD denominated debt coming due.
Posted Using LeoFinance Beta