They don't want to avoid the dollar, far from it, they want to keep the few dollars they still have and pay with something else instead. Now, if I were the Chi

They don't want to avoid the dollar, far from it, they want to keep the few dollars they still have and pay with something else instead. Now, if I were the Chinese with an overabundance of dollars (or worse, US Treasury bonds), I'd be trying to convert them into something else ASAP. They tried to buy companies, agricultural land and other things with intrinsic value, but were blocked by CFIUS and the EU is setting up its equivalent.