China is advancing the global movement toward de-dollarization. Beijing's central bank is boosting its gold reserves while signing currency swap deals in yuan with countries like Argentina, encouraging the use of renminbi instead of US dollars.
Sources and more information here: https://geopoliticaleconomy.com/2023/01/08/china-dollar-gold-reserves-argentina-yuan
Russia dropping US dollar for Chinese yuan – and fast: https://geopoliticaleconomy.com/2022/12/26/russia-us-dollar-chinese-yuan
IMF admits US dollar hegemony declining, due to rise of Chinese yuan, sanctions on Russia: https://geopoliticaleconomy.com/2022/03/31/imf-us-dollar-decline-china-russia
How Argentina has been trapped in neocolonial debt for 200 years: An economic history: https://geopoliticaleconomy.com/2022/12/18/argentina-neocolonial-debt-history
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