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21min chapter
China vs. The Dollar | Diana Choyleva
Bankless
China's Financial Strategy and Global Payment Systems
This chapter explores the impact of geopolitical instability on global payment systems, emphasizing China's alternative financial infrastructure to U.S.-led systems. The discussion includes China's digital currency advancements, its influence on mobile payments, and the implications for national security and global economics. It also examines the contrasting monetary policies of the U.S. and China, particularly regarding central bank digital currencies and gold as a reserve asset amidst rising tensions.
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