美议员：不允许东大使用美元进行交易结算，东大网友：还有这好事？

Group 1 - The decline of US dollar hegemony is marked by proposals from US lawmakers to ban China from using the dollar for settlements, signaling a significant shift in global financial power dynamics [2][3] - The "Stop China-Russia Act" reveals strategic blind spots, such as the potential panic among Wall Street financiers if nearly one trillion dollars of Chinese US Treasury bonds are frozen, which could lead to a collapse in confidence in the dollar [2][5] - The expulsion of China from SWIFT could accelerate the rise of the Renminbi, as China's CIPS system already covers 42 countries and supports 40% of global trade, while the digital Renminbi reduces transaction costs by 50% [2][3] Group 2 - The trend of de-dollarization is gaining momentum, with China prepared as 99.6% of Sino-Russian trade is conducted in local currencies, and countries like Saudi Arabia and Iran are promoting the use of the Renminbi for oil transactions [3][5] - The decline of dollar dominance is attributed to three main factors: the concentration of one-third of global production in China, the risk posed by China's significant holdings of US debt, and the diversification of foreign reserves by countries in response to US actions [5] - The share of the dollar in global reserves has dropped to 47% in 2023, the lowest since 1995, indicating a loss of trust in the dollar [5]