Others point to how growing structural weaknesses such as its extreme political polarisation and its parlous fiscal position threaten the long-term health of the US economy which would in time no longer be able to sustain USD dominance.
There has been much excitable talk recently about the demise of the US dollar (USD) as the dominant global reserve currency. A rising China is challenging the hegemonic power of the US in so many areas.
So, proponents argue, China’s rise would eventually lead to the Chinese yuan displacing the USD — just like how the USD eventually overcame the British pound.
