尘埃落定，中美实力步入对等新阶段，黄金储备数据公布，美元主导地位受冲击

Group 1 - The latest U.S. National Security Strategy acknowledges China as a world power nearly equal to the U.S., marking a significant shift in U.S. foreign policy [1][3] - The U.S. is strategically retracting its global influence, focusing more on its own hemisphere, which has been humorously referred to as a transition from "global leader" to "hemispheric leader" [1][3] - This acknowledgment of China's status is seen as a tactical move to foster domestic political unity against China and to pressure allies in Europe and the Indo-Pacific to take a stand [3] Group 2 - China's central bank has been increasing its gold reserves, with a total of 74.12 million ounces as of November 2025, reflecting a clear strategy to hedge against risks and reduce reliance on U.S. Treasury bonds [5][7] - The share of gold in China's foreign exchange reserves has risen to 7%, indicating a significant increase in the importance of gold as a financial asset for China [7] - The trend of "buying gold and selling U.S. debt" is not merely an investment adjustment but a strategic move to counter U.S. financial dominance and enhance the credibility of the Chinese yuan [7][9] Group 3 - The issuance of sovereign bonds denominated in yuan by Russia signifies a shift in global financial dynamics, moving away from traditional currencies like the dollar and euro [9] - Over 75% of trade between China and Russia no longer uses the dollar, indicating a broader trend of "de-dollarization" that is causing concern in the U.S. [9][12] - The U.S. faces significant economic challenges, including a national debt exceeding $37 trillion, which is prompting a shift in global financial strategies [12][14] Group 4 - China's approach to countering U.S. challenges is characterized by patience and strategic depth, focusing on reducing U.S. debt holdings while enhancing trade relationships with Southeast Asia and the EU [14][15] - The gradual decline of the dollar's dominance in global reserves is evident, with countries increasingly diversifying their reserves and exploring local currency settlements in trade [17] - The ongoing changes in the global financial landscape suggest a slow but certain transition away from dollar dependency, as countries like India and Brazil increase their gold reserves and explore alternative currencies [17]