I don’t know why we’d be surprised. If you outsource everything to China eventually that will be so much money they get to pick payment methods.
It is because the West sanctions and freezing the money of Russia triggered fears of the same in the Global South, so dedollarisation is happening. Countries are looking for alternatives to not fall in the weaponisation of the dollar, there was a recent article by a former CIA advisor talking about this I will try to link it.
The global south has been dealing with the downside of dollar hegemony for decades. It’s not like people suddenly got afraid due to recent sanctions. This ball has been rolling for decades.
Not really, this has more to do with its size and the fact that they’re forcing themselves on a desperate Russia.
Sure, the undermining of the most advanced economy in the history of the world only started happening since the US started putting sanctions on Russia. Nothing to do with the preceding decades.
