[psychlops]

China would absolutely not want to have a reserve currency. Their export economy would be destroyed overnight.

[kube-system]

Doesn't China currently address this by having two currencies, with one dedicated to offshore use?

[ianburrell]

China only has one currency, the renminbi or yuan. There are capital controls so it isn't fully traded on international markets. It has only been internationally traded since 2015, and I think there were various schemes before that.

[psychlops]

Perhaps? I can't imagine that either could take the loss of production capacity the way the US has. The global inflation of product prices alone is staggering to consider.