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china’s-de-dollarization-push-meets-washington’s-defense-of-the-dollar
China’s De-Dollarization Push Meets Washington’s Defense of the Dollar

China’s De-Dollarization Push Meets Washington’s Defense of the Dollar

Last updated: March 10, 2026 12:48 pm
By
James Gorrie
1 Min Read
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Thinking About China

Opinion

China is trying multiple ways to undermine the dollar to gain financial supremacy.

China’s De-Dollarization Push Meets Washington’s Defense of the Dollar

U.S. dollar bills in Washington on Nov. 13, 2025. Madalina Kilroy/The Epoch Times

James Gorrie

James Gorrie

3/9/2026|Updated: 3/9/2026

0:00

Commentary

For decades, the U.S. dollar has been the foundation of the global financial system. It dominates trade settlement, anchors central-bank reserves, and underpins international financial networks such as SWIFT. That status has given Washington enormous economic and geopolitical leverage.

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