[sgbuffett]

Globally the amount of debts that is denominated in US$ and needs to be paid in US$ is at record highs.
Countries with trade surplus need to put their money somewhere and the favorite place is in US treasuries, US stocks or US assets ...so they eventually convert to US$.

In order to really dedollaruse China has to take a few major steps which it hasn't

1. It has to stop capital controls.
2. It has to fully open it's markets fo investors like US which is a favorite destinations for investments.
3. It has to persuade countries to borrow Yuan ...