In the High-Stakes Bet Against US Dollar China’s Banks May Face Significant Losses

SS: China’s financial maneuvers against the US dollar are part of its broader strategic rivalry with the United States. China’s decision to short the US dollar and attempt to stabilize its currency reflects its desire to weaken US global financial dominance. The integration of Chinese banks into this strategy exposes them to significant risks, while also showcasing China’s ambitions to challenge the US-led economic order. This financial battle is deeply integrated with geopolitical tensions between the two nations.