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unless they eventually don’t need foreign currency anymore because their own country produces everything they could ever need or want
Nope. China is too big of a country to produce everything they need themselves.
Contrary to popular belief, what china imports the most is actually electronic components. Followed by fossil fuels.
Those two categories alone account for ~40% of all Chineese imports as of 2024.
I’m sure the elites in China won’t take your money because they have gambling, sports cars, and hookers at home /s