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US' myopic tactics vs China's long-term strategy

SAUDI ARABIA’S GEOPOLITICAL SHIFT: Beijing, especially modern China, has always sought to befriend the Arabs through respectful gestures and diplomatic and trade missions. Even when Saudi Arabia refused to accept China as a country in 1975, it continued friendly efforts and eventually established diplomatic relations in the late 1990s. ....

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China's Middle Eastern business will increase yuan-for-oil-deals, but dollar expected to stay dominant in world trade

China’s plan to expand use of its currency for oil trading with six Middle Eastern countries will elevate use of the yuan in global commerce, but it will not unseat the petrodollar or make major gains outside energy markets. ....

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