China is trying to occupy the American dollar at the sovereign exchange rate, which is lower than the price of American obligations at 10 years. Recently, China aims to replace the hegemonic American dollar in global monetary operations to avoid planned instability and crises caused by rising prices, as well as to secure its long-term supplies of goods and energy in its currency.
"How is China doing this?" quietly. China has started issuing its sovereign obligations in US dollars in Saudi Arabia. As soon as these obligations appeared, international investors immediately abandoned them, signing for a sum exceeding 19.9 times.
