Core Viewpoint - The global economic landscape is shifting, with the decline of the dollar's dominance becoming increasingly evident due to the U.S. economic structure and the rise of China's manufacturing capabilities [1][3][12] Group 1: Dollar's Decline - The foundation of dollar hegemony relies on the U.S.'s comprehensive strength and international credibility, which are weakening as the economy becomes more financialized and manufacturing moves abroad [1][3] - The U.S. has been able to exchange printed dollars for global resources without relying heavily on domestic industries, leading to a growing trade deficit, particularly with China [3][5] - Experts highlight three critical flaws in dollar hegemony: the spillover effects of Federal Reserve policies causing global financial instability, the frequent weaponization of the dollar disrupting international settlements, and the ability of the U.S. to transfer its crises to other countries [5][9] Group 2: China's Role - China is actively promoting the internationalization of the renminbi, covering 109 countries and regions through the CIPS system, handling about 38% of global renminbi cross-border payments [7][11] - The BRICS nations are working on a new currency basket to reduce reliance on the dollar, with countries like Saudi Arabia considering oil transactions in renminbi [7][11] - China's manufacturing dominance is increasingly critical, as U.S. consumers rely heavily on Chinese products, making it difficult for the U.S. to maintain living standards without these imports [7][12] Group 3: Global Economic Shifts - The sanctions against Russia have backfired, leading to an energy crisis in Europe and highlighting the vulnerabilities of U.S. hegemony, which relies on military support and alliances [9][11] - The trend towards de-dollarization is becoming clearer, with expectations that gold prices may exceed $3,500 per ounce by mid-2025, indicating declining confidence in the dollar [9][12] - Emerging economies are increasingly seeking alternatives to the dollar, moving towards a new model of equitable exchange that does not depend on the traditional "dollar-manufactured goods" framework [11][12]
美国霸权并非无解!专家:世界可以离开美元,但却离不开中国制造
Sou Hu Cai Jing·2025-09-01 03:01