Chinas De-Dollarization Push Meets Washingtons Defense of the Dollar

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Thinking About ChinaOpinionChina is trying multiple ways to undermine the dollar to gain financial supremacy.U.S. dollar bills in Washington on Nov. 13, 2025. Madalina Kilroy/The Epoch TimesJames Gorrie3/9/2026|Updated: 3/9/20260:00CommentaryFor decades, the U.S. dollar has been the foundation of the global financial system. It dominates trade settlement, anchors central-bank reserves, and underpins international financial networks such as SWIFT. That status has given Washington enormous economic and geopolitical leverage.

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