弃用美元,改用人民币结算,欠债30多万亿的美元霸权还能支撑多久?
Sou Hu Cai Jing·2025-10-21 13:37

Core Viewpoint - The article discusses the gradual decline of the US dollar's dominance in global trade as more countries begin to use the Chinese yuan for transactions, indicating a significant shift in the global financial landscape [1][19]. Group 1: Historical Context - The relationship between China and the US has evolved since China's entry into the WTO in 2001, marking a period of mutual benefit where China provided manufacturing while the US offered a consumer market and dollar-based transactions [3][5]. - The US has benefited from this relationship through financial mechanisms, but has also faced challenges such as industrial decline and increasing social issues due to its focus on financial speculation rather than manufacturing [5][11]. Group 2: Dollar's Role and Challenges - The US dollar has historically served as the "lubricant" for global trade, but recent actions by the US, such as the weaponization of the dollar through sanctions, have led to a growing distrust among other nations [7][9]. - The rise of China's manufacturing capabilities has diminished the necessity for global trade to rely solely on the US dollar, as countries seek alternative currencies for transactions [9][19]. Group 3: Future Outlook - The article suggests that the future of international currency may shift towards the yuan, contingent on China's ability to maintain its manufacturing base and avoid the pitfalls of financialization that have affected the US [13][19]. - The ongoing trend of de-dollarization is seen as a response to the US's failure to fulfill its international responsibilities, leading to a search for new monetary anchors among emerging economies [19][21].