Now China is using lower interest rate US dollar bonds to attract global capital, and then lending these "dollar chips" to countries facing debt pressure, which is equivalent to using the money printed by the US itself to disrupt its harvesting chain - the dollar itself has no intrinsic value, it can only realize plunder by being exchanged for foreign assets. Now China has made the dollar only circulate in the "lending - debt repayment" cycle, blocking the path for the US to exchange dollars for assets.