(RepublicanInformer.com)- Chinese professor Di Dongsheng, the associate dean of the School of International Studies at the Beijing Renmin University, recently revealed how the Chinese Communist Party is trying to use the COVID-19 pandemic and the economic challenges it poses to replace the United States as the global superpower and usurp the “dominance” of the U.S. dollar.
He made the claims in a video posted on Chinese social media On FEBRUARY 4.
“The currency that fixes the price will eventually by the renminbi (yuan),” he said.
In April 2020, Di also said that the COVID-19 pandemic was an opportunity that hadn’t been seen in a hundred years, which could allow China to make “all seven billion people in the world pay for China.”
According to a report from the Epoch Times, Di has contributed to China’s foreign economic policy and is regularly a participant in policy discussions with Chinese government officials.
You may remember Di from some of our reporting last year when we reported on his shocking claim that the Chinese Communist Party influences the United States through its “old friends” in Wall Street.
During a speech, he even admitted to exploiting US corruption “to gain a competitive advantage.”
Di Dongsheng: "we exploit US corruption to gain a competitive advantage."
US politicians sold their souls to Wall Street long ago. Of course they're willing to sell themselves to a higher bidder. Be it, Israel, Saudi Arabia, or China.
— Bucky Desperado 🔞 (@ThePromisedWLAN) December 8, 2020
The Epoch Times reported how Di believes that China wants to replace the US dollar.
“If the Chinese yuan (or renminbi) achieves global hegemony, Beijing will be in a position to print more money to dilute the value of yuan held by the world’s population – thus transferring wealth to China,” Di explained.
It wouldn’t be the first time that China manipulated its currency to gain a competitive advantage over the rest of the world. This was a primary campaigning point for Donald Trump in the 2016 presidential election, and one that drove his anti-CCP policies during his first term as president.
The low interest rates in the West, which have been implemented to counteract the damaging effects of lockdown, are benefitting China, with foreign investors purchasing higher-yield bonds from China. Some $135 has reportedly been put into Chinese bonds in the year ending September 2020.
In April last year, Di even said that China should attract increasing numbers of foreign investors during the pandemic, with their currency used to support foreign nations and companies suffering from the effects of lockdown.
It seems like this pandemic was pretty convenient for China, huh?