Nailed it .. China has diluted their currency twice as much as dollar .. to much solution always creates wealth gap .. rich become ultrarich and government is forced to install social programs to help poor .. middle class is wiped out ..
China will collapse under its own social programs .. entitlements kill innovation
And don't forget they've made this fatal error before. When the West went to the gold standard in the 1870s, China had been stockpiling silver and silver mining capacity. After the shift, silver got devalued by 30%, and it destroyed China for 100 years. Set them up for the Maoist takeover, in fact. This time the Communists will make the same error with tariff wars and gold as the world shift to bitcoin, and it will destroy them again.
I don't think they will pivot on gold .. cuz US holds ten times in reserve .. unless they really wanna help Ummeica :-)
