They've had several different SYSTEMS, not just governments, in the same time period, plus vast upheavals where the winners and the losers both lost and ended up under foreign domination and even occupation.
You get to have a world reserve currency by being around for a couple of centuries. The Chinese experience is entirely too short for anyone to trust the Yuan.
>>>The Chinese experience is entirely too short for anyone to trust the Yuan.
yes.
francis fukuyama says one extended family controls china; we know we can’t trust them.
Not to mention that the Yuan is the most manipulated major currency in the history of the world. The Chicoms inflate it at will simply to create GDP.
There are certainly world currencies that are more stable than the Dollar and there are government bonds that are possibly a little safer than US Treasuries; however, there aren't any from a country with a big enough economy to supply the amount of currency required for world trade or enough bonds to satisfy demand.