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Weaponizing Dollar Boomeranged on US, Says French Analyst

Over the past decades, countries worldwide have become more willing to reject dollar transactions in their foreign trade settlements. Russia has shifted to foreign exchange in national currencies with China and Eurasian Economic Union members. Additionally, Saudi Arabia clinched a deal with China to sell oil for yuan in December 2022.
French geopolitical expert Renaud Girard has warned of this incoming de-dollarization, caused by none other than the US itself. The expert said that Washington had overused the greenback as an instrument of political pressure, and nowadays more and more countries are starting to flee from the US-made global financial system. The alternative is to set up a bilateral foreign exchange in national currencies. Some states like Russia and China have gone even further and made their own payment systems.
"By turning their currency into an instrument of political pressure on other nations, the US has unwittingly launched a worldwide movement to overthrow the 'king-dollar'. Total de-dollarization will not happen overnight, but it is clearly an irreversible tendency," Renaud Girard told Le Figaro.

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China about to enter three-aircraft-carrier era as Fujian expected to enter service in 2025: official media

Tuesday marks the third anniversary of the launch of the Fujian, China's first aircraft carrier equipped with electromagnetic catapults. Official media said China is about to enter a three-aircraft-carrier era, with the Fujian expected to enter service by 2025.

After the launch of the Fujian on June 17, 2022, it carried out its first sea trial from May 1 to 8 in 2024. Since then, the Fujian has completed multiple sea trials, accumulating more than 100 days of sea trial, China Central Television (CCTV) News reported on Tuesday.

Wei Dongxu, a Chinese military affairs commentator, said that the aircraft carrier Fujian has been making steady progress in sea trials, and is expected to be commissioned within this year, CCTV News reported.

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China, C.Asian countries jointly form China-Central Asia Spirit: Xi

Chinese President Xi Jinping said Tuesday that China and Central Asian countries have explored and formed the China-Central Asia Spirit, which features mutual respect, mutual trust, mutual benefit, mutual assistance, and the pursuit of common modernization through high-quality development.

Xi made the remarks in his speech at the second China-Central Asia Summit in the Kazakh capital of Astana.

Xi said that the Chinese side has decided to establish three cooperation centers and a trade facilitation platform within the China-Central Asia cooperation mechanism.

When addressing the summit, Xi said these institutions include the China-Central Asia poverty reduction cooperation center, the China-Central Asia education exchange cooperation center, the China-Central Asia desertification control cooperation center, as well as the China-Central Asia trade facilitation cooperation....more below

https://www.globaltimes.cn/page/202506/1336391.shtml

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