China and the West, but specially China I think, have loaned considerable amounts to countries already in financial stress. Besides that it appears that the Chinese economy is expected to slow down due to a reduction in the rates of private consumption and investment. If so, then the last thing that Xi would like to see would be also a slow down in exports.
In addition his warning serves to highlight a well known problem with the dollar, which John Connally Treasury Secretary of the United States during Nixon's Administration famously exposed in this terms: "The dollar is our currency, but it is your problem.”
It’s certainly a problem for the global economy when the interests of the United States take priority over those of the rest of the world.
