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Japan has struggled for 34 years to maintain its position as the world's largest creditor nation, but in 2025 it will be overtaken by Germany. With a record net asset of 37 trillion, it is hard to fend off the dollar's exploitation, and the way out is a dead end.
The United States is in disarray: the trade war is self-harming, and there is a shortage of electricity and minerals for AI; manufacturing returning is merely a slogan, with only 8% of employment, and the interest on idle capital is pushing the U.S. debt red line to the brink, with a dam collapse imminent.
Hoping to break into Southeast Asia with the yen? Hainan Free Trade Port will close on December 18, with a zero-tariff iron triangle (Chinese production capacity + Hainan policies + ASEAN demand) directly reshaping the chain, with ASEAN trade nearing a trillion in 2024, surging rapidly.
The renminbi is accelerating its rise: CIPS has over 1700 institutions, offshore bonds have surged, and energy cooperation between China and Saudi Arabia has deepened. The global foreign exchange dollar share is at a 30-year low, Japan's reserves are running dry, Hainan's doors are tightly shut, and the renminbi is taking over the real economy.
