China, emerging financial power or hocus pocus?

https://foreignpolicy.com/2022/04/15/china-western-financial-power-ukraine

No country with a collapsing population has ever had the reserve currency.

A good proxy for how attractive China is to people who live there is that 1000x more people want to emigrate from China than want to immigrate to China. And these aren’t just poor people. 38% of those who have net worth over $1 m want to leave China. Meanwhile, China’s billionaires have a very high death rate.

None of these trends will be improved by the Shanghai lockdowns. And imagine what things will be like if there are actual deaths from a disease vs. horrible lockdowns with zero deaths.

I have done six credit card transactions with Chinese companies and five of them were fraudulent. Ask around and you’ll see that experience is not uncommon. I don’t think I’ve had five fraudulent credit card transactions with non-Chinese companies in my entire life.

So articles like this seem like high school term papers.