China’s Dollar Ditch Agenda: The Geopolitical Power Play Unfolding in 2025
Beijing’s pushing hard—and the greenback’s grip is slipping. Here’s the real game behind the de-dollarization surge.
The Petroyuan Pivot
Oil trades in yuan, BRICS nations hoard gold, and SWIFT alternatives gain traction. China’s not just talking—it’s building infrastructure to bypass dollar dominance.
Sanctions = Accelerant
Every U.S. financial weaponization drives more nations into Beijing’s monetary arms. Even Europe’s now hedging with CBDC bridges (ironic, given their compliance obsession).
Crypto’s Unintended Role
Bitcoin maximalists cheer—but China’s digital yuan rollout proves they’ll replace the dollar with another controlled currency. Decentralization? Not in the CCP’s playbook.
The dollar’s still king… but the courtiers are getting restless. And as any banker knows, perception shifts move faster than balance sheets.
China Backs the Multipolar Currency System
China’s central bank chief, Pan Gongsheng, has introduced a new idea, a notion of a multipolar currency world where alternatives to the US dollar exist in utter peace. Gongsheng, in his latest analysis, openly called for a new international monetary order. Underlining the specifics, Gongsheng stated how this new order will comprise a system where “sovereign currencies coexist and compete with checks and balances,” per WSJ.
Gongsheng was also quite vocal about depending on a singular currency order that has dominated the world for decades. Speaking about USD, he stated how such orders often fall prey to weaponization at times of geopolitical uncertainty and tensions.
Gongsheng said.
The dollar at the moment is marred with economic loopholes, as rising US debt metrics and credibility risks deem the currency non-feasible for nations to work with.
China Banks for Chinese Yuan?
Gongsheng later shared his stance on Yuan, adding how it’s time for nations to consider capable USD alternatives like Yuan for future trading and investments.
A new perspective also outlined how China is not banking on the Chinese yuan to become the new reserve currency. Instead, the nation wants to “move away” from a risk asset like the dollar as geopolitical tensions continue to escalate and batter the USD.
