Sentences with phrase «seeking wider acceptance»

While the official goal of the new futures contract is to establish a regional benchmark for more useful pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.

Not exact matches

Founders of the National Association of Evangelicals (NAE) sought to broaden their base just as the Holiness and Pentecostal churches were reaching for wider acceptance.