At present, the biggest problem facing the dollar hegemony is that it cannot control China, the world's largest production capacity country.
In the past, China's exports were mainly the old three items - clothing, furniture and home appliances. The ecological niche of these industries was relatively low, and the United States could still control the global market better.
However, China's exports have now shifted to the new three items - new energy vehicles, lithium batteries and photovoltaics, which are all commodities at the top of the global industrial chain, which has caused a huge impact on the United States.
Take new energy vehicles as an example. In the first quarter of 2024, Tesla's stock price fell by 30%, and in 2023, BYD's operating income reached 600 billion, and its valuation exceeded Mercedes-Benz.