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The third question, the process of creating the void, may not be replicable. After the United States, the victor of World War II, established a three-tier system with gold as the underlying layer, pegged the US dollar to gold as the second layer, and pegged other countries' currencies to the US dollar as the third layer, when this system became mature and irreplaceable, the gold in the first layer was directly withdrawn, making the US dollar the world currency. This process is full of strong design sense.
China may not be able to replicate this path exactly, as lightning rarely strikes twice.