China - US relationship after COVID-19
If Cold War, then we can test everyone’s assumptions about the USD, and how easy to replace. IF CHina were to try and be the USD, using the RMB, then CHina’s economy would crash, its assets would deflate, and its currency would fall through the floor; when the opened the financial market. Most of what China says, is for domestic audiences. Then others globally who don’t really understand how the global economy,financial, trade, and capital system works. What it takes to run a reserve,