为何美元收割频繁失败？中国给世界托了底，美国这套玩法彻底破产

Group 1 - The core argument of the article highlights the silent yet significant geopolitical and financial competition between the US and China, reshaping the global order amidst various regional conflicts [2][4]. - The US has seen over $1.2 trillion return to its financial markets in Q3 2022, while China attracted only about $180 billion in foreign investment during the same period [4]. - China has established currency swap agreements with 28 countries, increasing the cross-border payment share of the renminbi from 1.9% in 2019 to 3.2% in 2023 [4][11]. Group 2 - The US faces a significant fiscal deficit, projected to reach $1.7 trillion in 2023, with the yield curve showing the most severe inversion in 40 years [8]. - China's industrial upgrades are notable, with a 700% increase in electric vehicle exports over three years and 1,200 orders for the C919 aircraft [11]. - China has completed its first renminbi oil settlement with Saudi Arabia and has been increasing its gold reserves for 18 consecutive months [11]. Group 3 - The article suggests that the US may resort to continued interest rate hikes, expanded sanctions, and regional conflicts as part of its strategy [15]. - China's defensive strategy includes maintaining a 5% economic growth baseline and promoting the Belt and Road Initiative for capacity cooperation [15]. - The anticipated shift in international capital flows is expected when the Federal Reserve is forced to lower interest rates, potentially benefiting China due to its robust industrial system and large consumer market [15].