His analysis is almost as bad as his analysis on China. No, China is not going to credibly challenge the dollar system. You can't be an alternative to the dollar reserve system if you cant take out more than $50,000 out of the country per year. If China actually wanted to challenge dollar supremacy, they would have to stop their capital controls which would crash the Yuan since any self respecting Chinese person with a brain and actually knows how the country runs would dump the Yuan and move their assets.
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