The US Dollar Hegemony Crisis in the Vision of the "One belt and one road" and China's Strategic Choices

Abstract

At this stage, the US dollar is still the most important international currency in the world and plays a leading role in international trade. However, with the continuous development of the times, the problems existing in the hegemony of the US dollar are gradually exposed, which greatly hinders the development of the world economy. There are congenital defects in the development of the US dollar, which also makes the world economy fall into crisis again and again. With the development of the world economy, the world pattern is quietly changing, the basis of the dollar hegemony is constantly weakening, and a new international financial order is gradually taking shape, which is of great help to the development of the world economy. As an important country in the world, China should grasp the trend of the times, seek new historical opportunities with the help of the "One belt and one road", explore a new international financial order, and gradually break the hegemony of the US dollar.