China, Egypt to do away with the use of the US dollar

"What have you done for me lately?" Egypt controls the Suez, which is favorable for China's continuing oil import needs while they continue to accelerate off of oil.

> China has invested more than $10 billion in Egypt, building a business hub east of the capital, Cairo, and an electric rail line for industry in the Nile Delta. Annual trade between the two countries is estimated at $20 billion, according to government figures.

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https://electrek.co/2026/09/03/cratering-oil-use-in-china-sh...