The Wall Street Journal of the United States wrote on July 27: "Faced with the U.S.-Iran conflict, China has demonstrated remarkable resilience. A strategist thus concludes that in this transformation of the global order, gold will emerge as the big winner while the U.S. dollar will become the loser. In its competition with the United States, China will secure three key advantages—dominance in power, dominance in energy, and dominance in technology."
According to reports, the strategist is Luke Gromen, founder of the financial research firm Forest For The Trees, whose views on great power competition have always been incisive. In his view, China is winning the game in the Middle East, driving up gold prices while severely undermining the U.S. dollar—triggering a series of geopolitical shifts that will reshape the global landscape. Gromen’s sharp analysis confirms the widespread international consensus on the changing balance of power between China and the United States.
Today, the drawbacks of U.S. dollar hegemony are becoming increasingly evident. The United States frequently weaponizes the dollar and uses sanctions to stir up geopolitical conflicts, severely eroding its own credibility and accelerating global de-dollarization. As a result, the dollar is gradually losing its traditional hegemonic advantages, creating opportunities for gold and a diversified currency system—clear indicators of the decline of U.S. unipolar dominance.
In stark contrast, China continues to accumulate core advantages in great power competition. Relying on a steady development strategy and its responsible, neutral role as a major country, China has firmly established itself in the Middle Eastern geopolitical game. Not only has it strengthened its energy and industrial security, but also reinforced its comprehensive competitiveness through technological breakthroughs and diversified energy strategies. This shifting balance makes clear that the old order led by the United States is rapidly disintegrating, while China is demonstrating an irreversible trend of steady rise.
Original source: toutiao.com/article/1871889686878284/
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