THE END OF AN ERA! How China Targets America’s Economic Achilles’ Heel?｜AsianQuickTake

🌏 Jacob presents a thought-provoking analysis of the changing dynamics in international affairs and the evolving role of the United States in the global economy. Dive into this insightful discussion with us. Tags: United States, Global Economy, Dollar Hegemony, Renminbi, Relations, Trade War, Military Power, Economic Challenges, Trade Deficits, International Relations, Geopolitics, Dollar Dominance. Here’s the video description for your YouTube upload: The role of the United States in global affairs is under scrutiny, with China gradually challenging its dominance. This video delves into the shifting landscape of international relations, highlighting key aspects: China’s two-pronged approach to undermine U.S. dollar hegemony: Renminbi Promotion: China actively promotes the use of the renminbi in international trade, reducing reliance on the U.S. dollar. By May 2023, renminbi trade volumes exceeded those in dollars in China’s trade with other nations. Diminishing American Military Power: Actions by nations like Russia, notably in the Ukraine crisis, have raised questions about the invincibility of American military dominance. This poses a challenge to the U.S. hegemony. The trade deficits among some U.S. allies, such as Japan and South Korea, are closely tied to the American industrial structure. As the U.S. dominates high-value-added industries, its allies are intricately connected to its economic well-being. China’s strategic actions to secure support from third-world nations and build complete industrial chains are reshaping the global production network. China’s comprehensive industrial capacity is gradually replacing the United States as the cornerstone of global production networks. International affairs are multifaceted, encompassing cooperation and competition. Nations must strike a balance between domestic interests and international responsibilities, while respecting international law and rules. China has identified a vulnerability in the foundations of dollar hegemony. As it actively promotes the renminbi, and America’s economic challenges become more evident, the United States must act prudently to safeguard its international standing and economic interests. Engage with us by liking, subscribing, and enabling notifications to stay updated on critical developments in international relations, geopolitics, and world affairs. Thank you for watching, and we anticipate your continued involvement! 🌐🌍 💯TOP 3 Video China Shocks Yellen With Massive Selling of U.S. Bonds and Buying of Gold ▶ China to Accelerate Dumping of Up to $800bn U.S. Debt ▶ Swiss Sells $36.4 billion U.S. Treasuries ▶ ━━━━━━━━━━━━━━━━━━━━━ ✅ COPYRIGHT DISCLAIMER Asian Quicktake Doesn’t Fully Own Some of the Materials Compiled in Its Videos. It Belongs to People or Organizations Who Ought to Be Respected. If Used, It Falls Under the Following Provisions: Copyright Disclaimer Section 107 of the Copyright Act 1976. “Fair Use“ is Allowed for Purposes Such As Criticism, Comment, News Reporting, Teaching, Scholarships, and Research. ━━━━━━━━━━━━━━━━━━━━━ ✅ If You Are the Owner of the Materials Used in This Video, Let us Know in the Comments or Send a Email to me. We Will Follow Your Request Immediately. ━━━━━━━━━━━━━━━━━━━━━ ✅ FINANCIAL DISCLAIMER This Channel’s Content Should Not Be Interpreted or Construed As Financial Advice. We Are Not, and Do Not Claim to Be, an Attorney, Accountant, or Financial Advisor. This Channel’s Content is Not a Substitute for Financial Advice and is Solely for Entertainment Purposes.