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

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

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

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.