China has been around for thousands of years longer than the US. They strategize in terms of Millenium, when we in the west think of tomorrow. In the long run, China isn't going anywhere, they can outlast any fiscal policy known to man, and they know it. The dollar standard is nothing but a spec of dust to them.
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CHINA also Invented Paper, Fiat Currency! They ran the gamut of Precious Metals money, to PM Backed Paper, to FIAT (unbacked) to hyperinflation and back to real money, all before most of Europe was getting a good start.