Is China set to junk the global dollar hegemony?

... trade ties and defence technology transfers – a causal bonanza which modern India woefully ignored in its strategic calculus.     Ultimately, the RIC (Russia, India and China) nations may "weaponize" their gold holdings to ring-fence the Greater Eurasian economy from surging exogenous risks. China and Russia are coincidentally among the top three gold producers in the world while China competes with India in terms of annual gold consumption.   The myriad potentials of a RIC-based geo-economic continuum, initially anchored on a gold-backed yuan, will shift the epicentre of a future global order to the East.   Incentives and Penalties   Mass participation in China’s oil futures market may effectively internationalize the yuan,...