>>512476845
I don't really understand the point you're making. Yes America supported China for strategic reasons. Now they will move imports away for strategic reasons. Specifically:
>labour is now cheaper elsewhere
>India can be turned into a regional competitor
>China's economy is rivalling the US in size (they stopped importing from Japan when Japan's economy began to challenge the US economy also)

The fact is that to be a trade and reserve currency requires the network effect. People have to want your currency because they know it is "safe", meaning that people will accept it for goods now and in the future. The Yuan is fixed to the USD, the USD is the leading metric. The bond market is dominated by the USD. The payment system is dominated by the USD. If you setup an international contract it's probably going to be denominated in USD. The USD is popular because it's popular. The only thing that has come close to challenging since WW2 is the Euro. When it did America immediately provoked a proxy war between Russia and Ukraine. Cut off all trade between EU and Russia in Euros, kicked Russia out of the SWIFT system (Europe's payment system) and convinced Europe so seize Russian assets. How many countries do you think now trust owning Euros? America shellacked it.

The petrodollar persists. America is a fortress with two oceans on either side of it for moats. It has never been seriously compromised by invasion or war on it's continent. People trust the biggest economy, with the biggest military in the safest geographical location. Europe is not it. China is certainly not it.

>>512277262
Total Indian redemption now.