Good article, and not enough are asking these types of questions imho. The only addition to your article that I would add would be regarding the consideration of the enormous amount of gold that China has been acquiring. What if their crypto was back by the RMB and by gold?

I also did a two part article that I wrote recently.
https://steemit.com/cryptocurrency/@bon07/the-china-question-s-part-2-the-new-petroyuan