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Any move to conduct oil transactions with China in yuan would mark a profound shift for the energy market, where 80 percent of sales are conducted in the greenback
Paris and Beijing have agreed to build infrastructure projects in Africa, South East Asia and eastern Europe. But will this help shine light on China’s opaque foreign investments or just give the appearance of doing so?
Critics pushing the “debt trap diplomacy” slogan often downplay the fact that BRI debt is as much a problem for China as it is for borrowing countries.