Thinking About China
Opinion

Saudi Arabia Reluctant to Accept Chinese Yuan for Oil

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Saudi Arabia Reluctant to Accept Chinese Yuan for Oil
A billboard welcomes Chinese leader Xi Jinping ahead of his visit to Saudi Arabia, in Riyadh, on Dec. 7, 2022. Fayez Nureldine/AFP via Getty Images
Antonio Graceffo
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Commentary

Saudi Arabia is unlikely to accept the Chinese yuan for oil despite strengthening ties with China.

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Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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