The pounding of the drums gets louder and ask not for which currency the Bell Tolls, it tolls for the dollar in its supreme role as world reserve currency.

Be advised, though the pattern of financial settlements are changing, the vast majority of world assets are denominated in dolllars, so it behooves noone, not even the Chinese to crash the dollar too soon.  The danger lies more in sentiment and in PANIC, which might occur in the case of a major geopoltical shock.  Something like a Ruskie retaliation against theUK with an attack on North Sea Oil platforms.  Or the the Houthis getting hold of a hypersonic missile capable of sinking an aircraft carrier.

The Chinese are just laying the foundation to be able to survive such a shock on the financial level, and hopefully gain an advantage from it.



https://oilprice.com/Energy/Energy-General/The-Start-Of-De-Dollarization-Chinas-Move-Away-From-The-USD.html

The Start Of De-Dollarization: China's Move Away From The USD

RE