That is a false equivalence and inherently flawed argument. But lets explore it nevertheless as it does raise interesting questions-

Monetary power and integrity is hugely important but it is also subject to context. The Chinese have used fiat monetary issuance mostly in a constructive way to direct capital into productive and strategic assets and infrastructure- that is how fiat money can be used to grow and develop an economy - whereas the neoliberalised west where bankers and capital direct governments huge misdirection of capital has occurred with huge volumes of fiat debt issuance toward non productive speculative assets- primarily real estate burdening the economy and only creating a temporary illusion of wealth.

Rare earths are a good example of where China deliberately directed fiat debt capital toward investment in its refining capacity and ownership of supply so that now it holds the US military industrial Jewish Bankers cartel to ransom. cannot fight a war of any size without the refined rare earths China now controls...and the best estimates are that it would take at least a decade and MASSIVE investment for the US to regain independent and secure supply of refined rare earths.

This whole subject you raise shows how in some cases free markets fail- as private profit seeking investors sometimes demonstrably lack incentive to invest in crucial long term strategic supply chains. Sometimes you need a government that has vision and will direct capital and investment to build and ensure its strategic advantage and security- as China did and the neoliberalised west failed to do regarding rare earths, and not just rare earths!

Trump has woken up to this tragic failure but China for now has a significant strategic advantage at a crucial stage in the contest for global hegemony between the two.