Article Today, China:
The global order appears to be shifting. Once, Britain ruled the world, only to lose its hold. Later, the Soviet Union stood shoulder to shoulder with the United States before collapsing into history. Now, the United States itself faces strains on its supremacy. China, the so-called Dragon country, is seeking to turn these strains into an opportunity. Through calculated economic moves, Beijing is planning to weaken America’s grip on international finance.
A Strategy Against the Dollar
At present, one US Dollar equals about 7.18 Chinese Yuan. For Beijing, this gap is more than a number; it is a symbol of dependence. Determined to shield itself from the threat of US sanctions and to strengthen its role in world trade, China has chosen gold as its weapon. By accumulating vast reserves of the precious metal, it aims to build a shield for its economy. Analysts believe this strategy could reduce the centrality of the Dollar in global trade and create space for the Yuan.
Mining Opportunities in the Global South
To meet its hunger for gold, China is looking to the Global South. Countries such as Indonesia, Ghana, and French Guiana have become important mining grounds. Chinese firms are actively investing in these regions, securing mining rights and expanding operations. These projects, in turn, are boosting local economies and creating new jobs. While the benefits are clear, the growing presence of Chinese companies is also reshaping economic ties in these regions.
Environmental Concerns Rising
Yet, the rush for gold brings challenges. Mining processes often involve chemicals that can contaminate rivers and water sources. Deforestation and loss of biodiversity are also pressing concerns. Environmental experts warn that without strong regulations, the long-term damage could outweigh the short-term gains. They urge China and partner governments in the Global South to set strict safeguards, ensure sustainable practices, and protect fragile ecosystems.
A New Global Economic Equation
By using gold as a shield and the Yuan as a tool, China is trying to redraw the map of international finance. The Dragon’s plan is clear: reduce reliance on the Dollar, protect itself from external shocks, and step forward as a global leader. Whether this strategy succeeds or stumbles will shape the next chapter of the world economy.
