While what you say is true, my point was specifically about China.Disagree strongly.
Nixon and Kissinger got the Arabs.....all of them....to price oil in USD. That led to US dollar hegemony and petro dollar recycling, which is why, even today, inflation is greater in almost every country outside of the US. The average American is so much better off because of this, and has been since 71
Nixon wanted to create an atmosphere to pit China against Russia, with the US as the negotiator in the triangle. He took an isolated nation and brought them into the international family, setting the tone for their manufacturing dominance of today. It likely would have happened anyway, but he opened that door.