Given the economic problems in the 2 other big economies (USA & EU) China is looking good or at least better than the other 2.
Europe is now inder the pump faced by recession & the rapid accumulation of debt due to this Ukrainian war.
And of course the US is super laden with debt and , more likely than not, the current Trumpanomics will accelerate that....at least in the shorter term:
US Interest on debt annually is more than its Military Budget and that is saying something!
IMO the US has a structural problem economically because over 70% of its GDP is domestic consumption and DOGE is cutting back on that with the hope that manufacturing will compensate later. So over the next 4 years expect the debt to grow at over $2 Trillion annually whild the GDP will likely shrink .
China has recently sold a ship full of US Treasuries & USDs and put the lollies into its O/S BRI. I guess we'll have to wait/see if that will ay a better dividend. The net effect will likely weaken the USD and make future Treasuries more expensive for the USA due to China exiting the market