China Russia BRICS reveals dollar hegemony, and the White House shows the common interests of China

Mondo International Updated on 2024-02-06

The actions of China and Russia in the Indo-Pacific region show that the two countries are strengthening strategic cooperation in response to U.S. activities in the region. U.S. actions such as the expansion of naval bases on the Korean Peninsula and the Philippines pose a threat to China. However, China and Russia are not limited to military countermeasures, but focus on the economic sphere. The construction of the BRICS internal settlement system is an important measure of Sino-Russian cooperation. Russia proposes to improve the internal settlement system of the BRICS organization and expand the scale of the local currency**. China expressed its support for this mechanism and its willingness to play a role in improving global economic governance. In addition, China and Russia also held in-depth consultations and made it clear that they will further deepen bilateral and multilateral cooperation.

At present, if the United States is further mired in the Middle East quagmire, Middle Eastern oil-producing countries will accelerate their "decoupling" from the United States. At present, Russia and Iran have made extensive use of their own currencies and the yuan, while Sunni countries such as Saudi Arabia are still dependent on the US dollar. If the United States is drawn into confrontation, Israel may take advantage of the opportunity to ** Gaza and Allah, which will make relations between Saudi Arabia and the United States even more strained. China-Russia Presence in the Middle East: Implications and Challenges for the United States The presence of China and Russia in the Middle East is becoming increasingly important. This layout will not only help to weaken the hegemony of the dollar in the region, especially in the oil trade, but may also have a range of repercussions for the United States. So, what does the Sino-Russian layout in the Middle East mean? How will it pose a challenge to the United States?

First of all, the Sino-Russian layout helps to reduce the hegemony of the dollar in the Middle East. In the case of oil trading, for example, most oil transactions are currently settled in US dollars. However, the involvement of China and Russia could change this pattern. As the world's largest oil importer, China has close energy cooperation with Middle Eastern countries. Russia, on the other hand, is an important military and energy partner in the Middle East. The presence of China and Russia in the Middle East will further promote the development of local currency settlement mechanisms, thereby weakening the dollar's position in oil trading. Second, the layout of China and Russia will have a series of effects on the United States. The hegemony of the dollar not only allows the United States to influence the global economy through monetary policy and financial instruments, but also gives it a greater say in the international political arena.

However, the involvement of China and Russia could shake this hegemonic position. If the local currency settlement mechanism within the BRICS countries is implemented, it will further promote the process of expelling the dollar from the Middle East. This will deprive the United States of its economic and political influence in the region and cause problems for its international standing. Moreover, China's main goal should be to lay out the Middle East in order to weaken the petro-dollar pillar of hegemony. China has never played "petty fights", and as long as it makes a move, it will attack the "pain point" of US hegemony.

By deploying in the Middle East, China can achieve several goals: secure energy, increase economic and trade cooperation with Middle Eastern countries, enhance its geopolitical influence in the region, and promote the development of local currency settlement mechanisms in oil transactions, thereby weakening the hegemony of the US dollar in the region. Finally, the Sino-Russian layout will bring difficulties to Biden. In the face of the layout of China and Russia in the Middle East, Biden needs to formulate more flexible and forceful countermeasures to safeguard the economic and political interests of the United States. They need to re-examine U.S. policy in the Middle East, strengthen cooperation with Middle Eastern countries, and seek more allies and support to meet the challenges of China and Russia.

In conclusion, the Sino-Russian presence in the Middle East will help weaken the dollar's hegemony in the region, especially in oil trading. This will have a range of implications for the United States, which could weaken its economic and political influence in the Middle East. China's main goal should be to lay out the Middle East in order to weaken the petro-dollar pillar of hegemony. The layout of China and Russia will bring difficulties to Biden**, and more flexible and forceful countermeasures need to be formulated. Only by understanding and addressing these challenges can the United States maintain its geopolitical advantage in the Middle East.

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