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Global Trend of Trade Currency Shares
USD, Euro, Yuan
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USD
Declining but dominant
Euro Gradual erosion
Yuan Rapid growth |
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Interpretation: What changed?
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Why USD declined
① Rise of
China‑centric trade networks
② US
sanctions pushing countries to diversify
③ Growth of
non‑Western financial infrastructure (CIPS,
BRICS Pay)
④ De-dollarization
in
Russia, Iran, Middle East |
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Why Yuan grew
① China became the
worlds largest trader
② Bilateral RMB
settlement agreements (Russia, Saudi Arabia,
Brazil, Pakistan, UAE)
③ Expansion of
CIPS as SWIFT alternative
④ Commodity
contracts (oil, LNG, metals) increasingly priced
in RMB |
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Why the West is weakening
"The West is weakening from
within rather than because of
external enemies. An aging
political and economic order is
increasingly protecting wealth,
property, and privilege for
older generations while pushing
rising debt, housing costs,
social pressure, and
geopolitical burdens onto the
young. This generational
imbalance can undermine economic
dynamism, social cohesion, and
the long-term stability of
Western societies raising a
deeper question about whether
the existing order can survive
without meaningful structural
change."
~
Prof. Jiang Xueqin
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