China’s structure is dominated by the following historical and international financial theories: 1. It is more conducive to maintaining value.
The proportion of the United States in international trade is lower than that of the United States, and far lower than the corresponding indicators of Japan, Germany and Switzerland. The main economic activities of the latter three countries are export-oriented, and their value is easily disturbed by international capital flows and fluctuates greatly, which is not conducive to maintaining value.
2. The United States plays a more important role in the international financial market.
In addition to the United States, Japan, Germany and Switzerland have refused to allow their currencies to play a more important role in international financial markets.
3. The US dollar is an international means of payment, transaction intermediary and value store formed in history;
4. Two thirds of international trade is settled in US dollars;
5. The vast majority of wholesale transactions in the international financial market are conducted in US dollars, and the financial operations of central banks are mainly conducted in US dollars;
6. The reserves of the major countries are mainly in dollar assets;
7. Most transactions in international syndicated loans and international bond markets are conducted in United States dollars or United States dollar bonds.
