Op-ed: If you think China needs to dethrone U.S. dollar, you don't understand how it is waging global currency war

According to CNBC, Beijing's currency strategy doesn't require dethroning the U.S. dollar to succeed. Instead, China is already winning by reducing the world's dependence on a dollar-dominated financial system. The real power move isn't replacing the dollar, but building alternatives that let other nations gradually move away from it. It's a more subtle—but potentially more effective—approach to reshaping global finance.

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