The reason why the United States has global financial hegemony is because it has petrodollars, and RMB dollars will put pressure on petrodollars. There is a simple reason. The dollar is a quasi-world currency, which is recognized all over the world. You can buy anything in the world. In addition to the economic order established after the war, the United States made great contributions to the shift of the dollar currency anchor from gold to oil after driving the Soviet Union out of the Middle East and controlling the situation in the 1970s.

Oil is the blood of the economy. The settlement of global oil in dollars will lead to more global trade in dollars, and the United States will benefit from global economic growth.

Second, the exclusive pricing power of oil is gone.

In the past, it was basically impossible for oil-producing countries to trade outside the market controlled by the United States, because there was no market outside the American system. However, with the crude oil futures of Shanghai Stock Exchange, international crude oil has another tradable crude oil futures market choice outside the American system.

In this way, the monopoly power of the US dollar to control the international oil price has been broken, which means that the exclusive pricing power of the United States for international crude oil is gone.

Third, the control over global commodity flows has fallen sharply.

Since World War II, the United States has a very strong global commodity control capability, especially after the 1980s, this capability has been further enhanced. In the twenty or thirty years after the disintegration of the Soviet Union, this ability of the United States reached its peak. It is this ability that enables the United States to make full use of China's demographic dividend after its entry into WTO and gain huge benefits.

However, with the decline of American power, America's ability to control the flow of goods is weakening. For example, in terms of the flow of oil and industrial products, China has a certain say. Especially after the Shanghai crude oil futures contract starts trading, this ability of the United States will further decline. Of course, behind this change, it is also the reason why China's naval power is constantly increasing.

Fourth, the geographical influence has been weakened.

In the past, the influence of the United States in global geography relied on three knives: politics, economy and military. However, with the rise of China's economic strength, the trade and economic influence of the United States in Asia is much worse than that of China, and the United States mainly relies on investment and settlement to maintain its economic influence in this region. However, with the enhancement of China's capital export capacity and the increase of RMB settlement scale, China's economic influence in this region will become more and more important.

With the improvement of economic influence, China's military capability and China's political influence have been greatly improved, which means that the geopolitical influence of the United States in this region is being weakened. This time, when RMB-denominated crude oil futures begin to exert their strength, China's regional influence will be further enhanced.