The Chinese economy relies on selling cheap plastic junk to the west, so they will be kind of fucked, but they have been sourcing gold to back their currency with.
I’m not a huge fan of the gold standard because gold is a) beautiful and b) useful and it’s a shame to keep it all in a bunker underground somewhere, but it is something real to peg your currency to, temporarily at least. The Chinese are definitely trying for this, whether they’ll succeed is another matter.
How did the Dollar become the global reseve currency? The British sent (((Lord Balfour))) to negotiate with (((Lord Rothschild))) and Woodrow Wilson to get the US into WWI to bale out the Allies after the Eastern Front collapsed after the (((Russian Revolution))). Rothschild’s price was Palestine, Wilson’s was global reserve status. In the 1960s the French went and asked to change their dollars for gold, as promised on the notes themselves, but the Fed told them LOL GTFO you snail eating perverts! When the French left, the Fed realised they had a problem, why should other countries accept notes not backed by gold? So (((Kissinger))) was sent to OPEC to cut a deal, so that oil would be sold for dollars in exchange for military protection. Saddam Hussein was the first to realize that the US wasn’t fulfilling its side of the bargain and tried to sell his oil for Euros, and got taken out at the third attempt. Gaddafi was trying to put together a gold-backed Dinar for the whole of Africa to sell its resources in, which would have been good for Africa, but bad for the (((Cabal))) which owns the Fed, and so Hilary was charged with taking him out, which she made a mess of, quite frankly.
The only thing keeping the USD as the global reserve currency is fear of the US military, only this has been severely weakened by Obama policies and among the populace there is no more will left to keep fighting this endless Orwellian war.