I agree with all that, but my point is that China is effectively in the same situation as Russia now. Sooner or later the US will try seizing their funds, sanctioning them, and so on. So, China has no choice but to start insulating itself from western economic warfare. While a lot of countries are politically captured by the US, that doesn’t change their economic reality. For example, even rabidly pro western countries like Japan or Australia are highly dependent on China economically, and there is no way for them to cut China out without completely destroying their own economies. When China starts demanding that payments happen through a new system they will have no choice but to accommodate.
I agree with all that, but my point is that China is effectively in the same situation as Russia now. Sooner or later the US will try seizing their funds, sanctioning them, and so on. So, China has no choice but to start insulating itself from western economic warfare. While a lot of countries are politically captured by the US, that doesn’t change their economic reality. For example, even rabidly pro western countries like Japan or Australia are highly dependent on China economically, and there is no way for them to cut China out without completely destroying their own economies. When China starts demanding that payments happen through a new system they will have no choice but to accommodate.