I read this article and you really need to do some IN DEPTH looking into the actual fiscal stability of the Chinese nation itself. They are not in a position to take on entrenched banking system’s of the world. Any yuan backed deals are shaky at best and the Chinese are only on paper solvent by any means. Their whole country is upside down and their economic stability within their own borders are manipulated and forced at the end of gun barrel.
Mostly agree.
But it works for them, and Russia is keeping them afloat, with below-cost energy and the massive purchase of overpriced goods.
The Americans have fancy watches; the Chinese have the time.