China pisa duro

TL;DR

China is developing a parallel financial system to the West.
Huawei has overcome US sanctions by developing its own 7nm chips and the new HarmonyOS operating system.
HarmonyOS enables seamless interface between various devices without cloud intermediaries.
China is diversifying its strategic interests, with BYD evolving from a cell phone manufacturer to an EV component provider.
China is reducing its US Treasury bond holdings and accumulating gold.
The goal is to offer a gold-backed Yuan with full convertibility.
A blockchain-like system for gold transactions is being implemented to facilitate central bank control over gold flows.
BRIC countries are trading in their own currencies, challenging the petrodollar system.

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