With the dollar’s hegemony unlikely to be seriously undermined by market forces, at least in the short and medium-term, the only way to bring about a major reduction in its role as a reserve currency is by international agreement. The Chinese proposal falls into this category.
既然美元的霸主地位不可能被市场的因素而动摇，从中短期来看，美元的地位只能被国际新的协议而降低，中国的提议正是归于此类。