Journal of Economics and Social Sciences
Vol. 1 No. 1 (2022)

UPAYA INTERNASIONALISASI RENMINBI MELALUI PROPOSAL PETROYUAN CHINA KE GCC

Agus Nilmada Azmi (UIN Syarif Hidayatullah Jakarta)
Aunurrofiq Aunurrofiq (UIN Syarif Hidayatullah Jakarta)
Reina Permata Hadikusuma (UIN Syarif Hidayatullah Jakarta)
Tasya Naura Arivia (UIN Syarif Hidayatullah Jakarta)



Article Info

Publish Date
21 Oct 2022

Abstract

China's initiative in the Internationalization of Renminbi international trade transactions carried out by the Government of China by the launch of a pilot project, by starting to use yuan in international transaction activities in China's five main regions, Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. China also sees countries in the Middle East as a strategic position in establishing cooperation, especially in the oil and gas sector. From establishing cooperation through the GCC, China also cooperates with member countries, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Arab. The petroyuan has the opportunity to take a more prominent role in international trade to take over the petrodollar, given the weight of China's oil imports is increasing and imports from the United States are decreasing. In analyzing the internationalization of Renminbi, the author uses an approach through the theory of foreign policy and national interest. The author uses a qualitative research method, by taking and collecting various sources of literature as a reference.

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Journal Info

Abbrev

emerald

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Emerald Journal of Economics and Social Sciences is open access, peer-reviewed journal dedicated to publishing original research papers on economics and business. This journal is likewise committed to making the articles it publishes available to international academicians, researchers, ...