The Chinese Communist Party's Alternative to the Dollar

I think a lot of it comes down to that we have radically abused the notion of sanctions. We have gone so sanctions crazy in the post-Soviet era. Only using the dollar becomes a surrendering of sovereignty if you're another country. I really still don't think anybody is trying to create an alternative to the dollar because you would have to destroy your sovereign control. The Chinese are the only people who have any viable claim to doing that.