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#225 - Great Power Network Competition and Bitcoin (and Aliens)
The Jacob Shapiro Podcast
Leverage and Ambition: China's Strategic Play
China has adeptly exploited the dollar system to absorb manufacturing capabilities and enrich its elite within a globalized framework. This strategic manipulation has allowed China to benefit significantly from the dollar dominance, facilitating its rise in geopolitical, economic, and military spheres. However, as China contemplates the future, its geo-economic ambitions are not entirely cohesive; it faces inherent trade-offs, particularly regarding the increased use of the yuan for settling commodity import bills while navigating the complexities of its economic strategy.
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