China-US Performance and Future Development Trends in the Global Economic Wave

Abstract

After Barack Obama relieved the president of the United States, the global circumstance changed dramatically, and China-US relations became increasingly tense over the past five years. Trade war frequently happens between China and US. The leading cause for this situ-ation is not only economic and political reasons. This paper will analyze the history of cur-rency hegemony, how developed countries use cheap capital to earn a profit, the trade war between the two biggest economic entities (China-US), and Chinas means to oppose dollar hegemony.