回顾：沉默6天后蒙古国终于签字了，中国已获得想要的，美国却不如意

Group 1 - The core point of the article is that Mongolia has signed a currency swap agreement with China, which allows it to reduce its dependence on the US dollar and embrace the Chinese yuan, amidst the backdrop of the US Federal Reserve's interest rate hikes [1][4][5] - The currency swap agreement, signed in mid-August, marks a new phase in economic cooperation between China and Mongolia, enabling direct trade and investment settlements in yuan, thus improving trade efficiency and reducing transaction costs [4][5] - Mongolia's decision to abandon the dollar is influenced by its economic reliance on China and the increasing burden of debt due to US interest rate hikes, which have made dollar transactions inefficient and risky [4][5] Group 2 - The trend of de-dollarization is becoming more pronounced globally, with many countries opting for local currencies or currency alliances, challenging the dollar's hegemonic status [7][9] - Mongolia's historical context and its strategic position between East and West allow it to adopt a rational foreign policy, seeking to maximize its benefits from both China and the US [11][14] - The recent agreements with the US, including an open skies agreement and a rare earth supply agreement, reflect Mongolia's strategy to balance its relationships while ensuring its own interests are prioritized [14][16] Group 3 - The frequent interest rate hikes by the US Federal Reserve are causing significant global economic turmoil, with rising inflation and declining consumer confidence in the US, which may lead to a recession [17] - Emerging markets are particularly affected by the Fed's policies, experiencing currency depreciation and economic challenges, which could exacerbate global economic instability [17] - The article suggests that the Fed's actions could have a cascading effect on the global economy, urging for responsible policy coordination among nations to mitigate negative impacts [17]