外媒：美元时代正以一种悲剧性的方式结束，人民币为何还不出手？

Core Viewpoint - The article discusses the impending collapse of the US dollar hegemony, highlighting the potential for a global financial crisis due to the US's $38 trillion debt, while emphasizing China's strategic approach to maintaining its economic stability without seeking to replace the dollar as the world's primary currency [1][25]. Group 1: Global Financial Landscape - The US's $38 trillion debt is a looming threat not just for America but for the global financial system, potentially leading to a financial tsunami [1]. - Observers believe that the current situation presents an opportunity for China to challenge the dollar's dominance, yet China's inaction has puzzled many financial elites [3][25]. - The article argues that the desire for a global currency often leads to trade deficits that can harm a nation's manufacturing base, as seen in the US's decline from a manufacturing powerhouse to a financial casino [7][9]. Group 2: China's Economic Strategy - China possesses a comprehensive industrial base, which is crucial for its economic stability, and it is unwilling to sacrifice this for the sake of becoming a global financial leader [11][13]. - The Chinese government is aware that the quest for global currency status can lead to deindustrialization, which it aims to avoid [13][29]. - China's establishment of the CIPS (Cross-border Interbank Payment System) is a strategic move to create an independent financial lifeline, not to replace existing systems like SWIFT, but to safeguard against extreme financial risks [15][18]. Group 3: Credit and Economic Foundations - The article emphasizes the importance of credit, contrasting the over-leveraged US dollar with the solid foundation of the Chinese yuan, which is backed by tangible economic assets [22][23]. - China's accumulation of gold and continuous upgrades to its manufacturing sector are efforts to strengthen the yuan's credibility and support its financial infrastructure [23]. - The focus is on creating a new economic network based on real exchanges rather than financial speculation, promoting a cooperative framework rather than a zero-sum game [31][35]. Group 4: Global Economic Reconfiguration - The decline of dollar hegemony is attributed to the US's own greed and unsustainable debt levels, rather than external pressures [35]. - China is not seeking to replace the US but aims to create a new economic paradigm that allows for equitable cooperation among nations [29][31]. - This new approach is seen as a departure from traditional power dynamics, aiming for a healthier and fairer global economic environment [33][35].