TOKYO — As if US Treasury Security Scott Bessent didn’t have enough stuff with which to deal, gold is literally exploding higher on his watch. In any discussion of the global “debasement trade” gaining momentum in real time, the dollar is written between the lines in bold font. It means repairing the cracks plaguing China’s financial system. In recent years, Beijing has made important strides in reducing China’s financial excesses and improving the quality of gross domestic product. It’s been slower to strengthen China’s financial system ahead of those waves of overseas capital.