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Big reason why the USD is still the world's reserve currency despite China being the bigger trading partner for many countries. The US is willing to let allied
by magicsmoke 6y ago
Big reason why the USD is still the world's reserve currency despite China being the bigger trading partner for many countries. The US is willing to let allied countries play freely in its financial markets and economy, China's not as generous.
Frankly, if you have to pick between being aligned with the US or China the US gives more goodies away than China does. Full access to US markets, military umbrella, and no obnoxious sense of inherent superiority over smaller countries that's displayed overtly. The only benefit to allying with China is that China doesn't demand political reform. Everything else is very meh, especially if you're already using America's preferred political system.