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But we saved everything 🙂.
Brad Setser, industry influencer, observes that discussions about petrodollars have overshadowed the growing significance of Chinese dollars in the global economy.
Setser argues that contrary to the narrative of de-dollarization, China continues to actively engage in dollar transactions and is not moving away from the currency. His comments suggest that the role of the dollar in China’s international dealings remains robust.
Setser has previously discussed the reliability of Chinese export statistics when compared to U.S. customs data in the context of trade reporting. He has also analyzed Saudi Arabia's balance of payments data and the country's break even oil price. These analyses focus on detailed financial flows and official data sources.