No, that's upside down. China never got out from under its 1 child policy demographic tyranny. Then Maurice Strong fled there and managed the global warming hoax that saw the first tranche of outsourced manufacturing/ energy resource under the Kyoto Protocol in '97. Have you ever done business with Chinese companies? No intellectual copyright and they just simply steal your product. China every bit a perpetrator not a victim.
Yes, but if the rest of the world aren't buying as many treasuries in a traditional sense, what happens when they rotate out of their local fiat into US stablecoins? Tether et al are just dollar denominated debt - treasuries? And with 250,000 new adoptees every day are we going to see an explosion of liquidity in defi in the coming weeks/months/years that is laregely secured indirectly by stablecoins (treasuries)?