With the launch of China's crude oil futures, China is taking its first steps towards paying for imported crude oil in RMB. Reuters quoted informed sources that China is making preliminary preparations for the use of RMB payment settlement for oil imports. It may be piloted as early as the second half of this year and may initially be imported from Russia and Angola. If the media reports are true, this means that China is advancing rapidly in the "Petro-Yuan" trade.