Next week China will launch the Petro-Yuan oil futures on the Shanghai and Hong Kong exchanges. China has been looking to reduce the US dollar’s status and internationalize the Yuan to boost its economic power for quite some time. This event will mark the beginning of the end of the US dollar. Oil importing countries will no longer have to maintain a stockpile of US dollars (and will now stockpile the Yuan) in order to purchase oil resulting in a further decline of the US dollar. As an example, Russia will, with open hands welcome the opportunity to purchase oil in Yuan instead of the US dollar.
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Yesterday all news saw this information. I think it's start economic war China and USA