> The main product of the US is weapons not "the dollar"
I interpreted it as - the US "exports" debt in exchange for the import of goods and services. It's a deficit country, it consumes more than it produces.
China (not only China) is a surplus country, they produce more than they consume. They store that surplus into US financial assets but also increasingly into other places, like developing countries. I've read that their investments into developing countries are often unprofitable. Previously they've been using the excess production to invest into real estate and infrastructure but those were often money-losing investments too (empty houses, under-utilized high speed rail with high maintenance costs).
I interpreted it as - the US "exports" debt in exchange for the import of goods and services. It's a deficit country, it consumes more than it produces.
China (not only China) is a surplus country, they produce more than they consume. They store that surplus into US financial assets but also increasingly into other places, like developing countries. I've read that their investments into developing countries are often unprofitable. Previously they've been using the excess production to invest into real estate and infrastructure but those were often money-losing investments too (empty houses, under-utilized high speed rail with high maintenance costs).