In this picture taken March 15, 2012 show a Chinese woman poses for photos near a sculpture depicting the Chinese yuan note at an art district in Beijing, China. Premier Wen Jiabao, China's top economic official, says its state-owned banks are monopolies that must be broken up, acknowledging mounting economic and political pressure to reform an industry whose vast profits are fueling public anger. (AP Photo/Ng Han Guan)
China Rising

China’s Launches Plan To Challenge The Petrodollar: The Petroyuan

The establishment of China’s petroyuan will allow countries to limit their dependency on the U.S. dollar, and to circumvent U.S. sanctions.