Here are five reasons why I think the Iran wall cement China's superpower status even though it is the world's biggest oil importer. Reason one, China has a diverse energy mix with multiple suppliers and decent stock piles that can protect its industries from the global oil and gas price shock. This could make the country's exports more competitive.China's reserves of key raw materials also mean it can act as a supplier of last resort for nations reeling from the conflict. Reason two, China's long bet on cl ...

🇨🇳 BIG: China's President Xi Jinping pushes for renminbi to achieve global reserve currency status. https://t.co/w9tyvwgRWv ...

Kenya has accumulated sufficient Chinese currency to service yuan-denominated debt after converting three dollar loans into renminbi, according to a senior government official https://t.co/hPGOEKDlZV ...

Foreign Direct Investment (FDI) Trends - China's September FDI, denominated in Renminbi, reached a 6-month high, with a year-on-year increase of 112%, marking a turnaround and the highest growth in six months [1] - From January to September, the actual use of FDI amounted to 573750 million Renminbi, a year-on-year decrease of 104%, continuing the cumulative decline since August 2023, but the decline was the narrowest since January 2024 [1]

Trade Performance - China's exports to the US in September decreased by 269% year-on-year [1] - China's exports to the US in September increased by 83% month-on-month [1] - China's September exports to the US amounted to 24488 billion RMB [1]