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In the past years of development, the United States has relied on the hegemony of the US dollar and has the supreme voice in the global financial field.
However, as the trend of global multipolarity becomes more and more intense, the hegemony of the dollar is facing unprecedented challenges.
Especially in the context of the continuous development and enhancement of the economic strength of some emerging countries, the current global economic pattern has undergone very obvious changes.
The hegemony of the US dollar is now in jeopardy, and in addition to being affected by the global economic pattern, the various policies and practical activities pursued by the United States have also directly brought the US dollar into the land of no return.
Anyone who knows the state of the US economy knows that the US fiscal deficit has risen sharply, but the US government has not relented, but has expanded the size of its debt.
In the face of rising US Treasury issuance and growing fiscal deficits, the credibility of the dollar in the international community is weakening.
In addition, the U.S. government always adopts trade wars or sanctions against other countries when dealing with international trade, which once again affects the hegemony of the dollar.
However, when the hegemony of the dollar was attacked, the US government did not look for reasons from itself, but instead increased sanctions against other countries, and even provoked some unnecessary disputes.
At the same time, the U.S. government has pursued a new monetary policy, hoping to balance the U.S. economic development and effectively curb the high inflation problem in the U.S. through loose monetary measures and interest rate hikes.
Facts have proved that the series of policies pursued by the US government are not only not conducive to the continued influence of the US dollar, but also exacerbate the speed of the dollar's demise in the international community.
Recently, the exchange rate of the mainland currency has once again shown an upward trend.
Some analysts believe that the international community is currently facing a new round of currency war. Although the US dollar has occupied the first position in the global economy for a long time, now the hegemony of the US dollar is facing unlimited challenges.
Especially in the context of the rising RMB exchange rate, the development trend of global multipolarity has also made the financial market reassess the value of the US dollar.
Judging from the current pattern of global economic development, the rise of the RMB exchange rate is actually the support of the mainland's economic development and growth rate.
In the process of seeking development, various changes have been carried out to meet the needs of market development, and at the same time to enhance the competitiveness in the international community, and also to create a favorable foundation for the rise of the continental currency exchange rate.
After the development of the past few decades, the influence of the mainland economy in the world has increased significantly, and the settlement volume of the mainland currency in international trade has also increased.
As more and more countries engage in trade with the mainland, the use of the renminbi indirectly enhances the international status of the mainland's currency.
At the same time, in order to promote economic development, the mainland government is constantly deepening various reforms and optimizing the economy. structure, and promote the comprehensive development of the service industry, high-tech industry and new energy industry.
It is precisely because of this continuous promotion of the optimization and development of the mainland economy that the trade volume has once again reached a breakthrough of 200 billion US dollars, and the status of the mainland currency has been raised again.
At present, the United States is facing a very serious inflation problem, and in order to alleviate this problem, it is necessary to import some low-cost products from the mainland.
However, in the view of the U.S. government, trading with China will not only promote China's economic development, but also may affect the U.S. commodity market, and it is worried that it will have a negative impact on the U.S. domestic manufacturing industry.
Therefore, the current United States is indeed quite contradictory, and wants to profit from the trade between China and the United States, but is full of rejection of Chinese goods.
Under this contradictory state, the United States has pursued many policies to suppress the mainland's economic development. But the end result proved that even the United States suppressed China and could not stop China's economic development.
At the same time, the United States is currently facing a variety of problems such as high interest rates, which will lead to the rise of the economic cost of the whole society, and also make the profit margins of many enterprises repeatedly depressed.
Now that the hegemony of the dollar has been affected again, and the debt crisis in the United States is getting worse, all kinds of problems have been stacked together, and each problem is enough to make the current US government anxious.
What is your opinion on the international status of the renminbi? Welcome to discuss in the comment area!