Iron ore settled with RMB!In order to keep the Chinese market, Australia does not care about the attitude of the United States

According to Observer Network reports, a few days ago, the Australian media reported that the most notable news reports in China and Australia's most eye -catching news reports in the recent recently reported that the Australian media reported that China and Australia were the first RMB trade iron in Pizza Hando Port Port. The ore is moored in China. The most interesting place for this news is that the settlement currency used in this transaction is RMB, not the US dollar.

In this regard, Australian media said in a report: "In global trade, the US dollar may have become a past, because Australia's iron ore industry welcomes this new payment method." The report also claims that Australian companies have understood that China -Australia trade cannot always act in accordance with the rules of Australia. The use of RMB is a positive change. Therefore, after Russia requires Europe to use rubles to buy natural gas, Australia actively provided China to provide the US dollar to buy iron ore. The reason is as the Australian experts say: active use of RMB transactions is better than forced.

At present, the status of the US dollar in international trading currency is severely weakened due to factors such as Russia and Ukraine's conflict and sanctions on Russia. Although it is not yet lost its status of major international trading currencies, its important position in the international trading system has been unavoidable to weaken. At this time, Australian companies have abandoned the US dollar and switched to the export of RMB to China. Although it has nothing to do with politics, it is in the most sensitive pain in the United States, which also shows that Australia has not taken care of the United States. After all, maintaining the main position of the US dollar in international currency is an important part of the United States to maintain its global hegemony. Australian companies' moves are clear that it is the process of intensifying the decline of the dollar.

In fact, it is no wonder that Bipito's abandonment of the US dollar is used as an export settlement tool for China because compared with the Chinese iron ore market, the number of iron ore sold to the United States in the United States is less than one -third of China. More importantly, affected by factors such as the continued deterioration of Sino -Australian relations and the unstable international iron ore prices, China has recently rectified the domestic metallurgy industry to reduce the import of iron ore. In addition, in order to get rid of the dependence on Australian iron ore, China has successively increased iron ore import channels in Latin America and Africa in recent years, which has a serious threat to the exports of Australian iron ore to China.

More importantly, the imports of iron ore from Brazil and other countries have achieved transactions using RMB settlement. Therefore, if Australian companies continue to think that China must act in accordance with the rules of Australia, one day, the Australian iron ore may be replaced by other suppliers in the Chinese market sooner or later. Just like Australian wines, beef, wood and coal, it has suffered heavy losses due to losing losses in the Chinese market. In this context, Australian companies can no longer take care of political factors, but continue to maintain iron ore transactions between China and Australia in accordance with the methods required by China.

Australian iron ore exports to China to abandon the US dollar settlement mechanism, which may only be the beginning of the "disaster" for the US dollar. After all, iron ore is only part of Australia's export products to China. Bethestable Billia will cause strong response in other export industries in Australia in Australia. Especially those Australian products that are blocked by China and Australia's exports due to the deterioration of Sino -Australian relations, such as coal, natural gas and wood, in order to re -enter the Chinese market and take the initiative to use the RMB as a request for transaction settlement currency, it should be a matter of water to the canal. Essence

The current market share of the US dollar, euro, and yen is constantly shrinking, and RMB is constantly becoming one of the main reserve currencies in foreign exchange baskets in various countries. Even the American allies Israel add RMB reserves in its foreign exchange baskets because of the unreliable US dollar. Including India, Russia, Saudi Arabia, and Iran, they also use RMB as settlement currencies in commodity transactions with China.

In the wave of international de -US dollar, Australian iron ore giants use RMB as a settlement currency to China, not only considering the interests of enterprises, but more importantly, it can also reflect the urgency of Canberra to improve China relations from China. Essence After all, if it is not approved by the relevant authorities of the authorities, Beto Bituo wants to abandon the US dollar and use RMB as a settlement currency to export Chinese iron ore transactions, which is simply impossible.

The United States is unreliable, and it is a well -known fact. Although the Canberra authorities have maintained a relationship with the United States, diplomatic and military cooperation cannot solve the problem of Australia's economy and people's livelihood. Therefore, in recent times, although the tension between China and Australia has not been substantially improved, the high -level exchanges between the two countries have been frequently exchanged, which undoubtedly creates favorable conditions for the normalization of the relationship between the two countries. Billiton uses Renminbi to conduct iron ore transactions with China, which will play a link and role in the improvement of China -Australia's economic and trade relations. This is of great significance for restoring and deepening economic and trade connections between China and Australia.

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