This is CBSI on the world.

I'm John Batson with Gordon Chang at Gordon G. Chang, my colleague and co-host.

And we're very pleased to welcome Andrew Collier, our colleague,

managing director of Orient Capital Research.

And the new book is China's Technology War, Why Beijing Took Down, Why Beijing Took Down Its Tech Giants.

Andy, a very good day to you.

We come to a quote in Newsweek most recently from the Chinese Embassy in Washington in response to various policies announced by the new Trump administration.

The quote, the U.S. has long used its dollar hegemony to shift crises, spread U.S. inflation to all

other parts of the world, and make it become a geopolitical tool which damages international economic

and financial stability and disrupts international order, said Lou.

He went on to say this is in sharp contrast with the bricks that include more inclusive and just financial policies.

It sounds to me like the bricks are unhappy with the Trump administration.

What do they mean by dollar hegemony? Recently, the dollar goes up, the dollar goes down,

just like the markets. Good evening to you, Andy. Good evening. John, I mean, dollar hegemony

basically means that most people want to transact international trade in the U.S. dollar because the United States has a very stable economy, very large economy, and we welcome to a great degree people to trade in the dollar and also to invest their money in the United States in things like stocks and bonds and also in U.S. treasuries.

So that's for a lot of economic reasons.

People are very happy to have a single currency that they can trust.

However, it is true that if you have a dominant position, and on an occasion, you can use it

for your geopolitical advantage, which the United States has done by targeting countries that they

don't feel are adhering to their norms, such as Russia. But I don't think the Chinese have been

complaining about this for some time.

This is not really new news.

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