It’s because China is the second-largest economy globally, and due to the weaponization of the dollar since the Ukraine war in 2022, the vast, covert buying spree by China and countries like Saudi Arabia should not be viewed as a hedge against the dollar but as a replacement for the dollar. On November 19, 2025, the chairman of the Central Bank of the United Arab Emirates completed a landmark digital currency transaction during a meeting with the governor of the People’s Bank of China, formally inaugurating project mBridge. You, me, a good %age of FR, the author of this article, but the people making decisions are of two types: - Some, IMO including Trump, working on the problem through returning domestic energy and goods manufacturing and tariff power, which is effective because as you noted the people *in* China are being enslaved and so don’t constitute much of a market per se; and - Others know full well and keep pretending otherwise, and really provoking the question of why and to what end.
Author: Moneymetals
Published at: 2025-12-13 23:33:19
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