China burned through almost $1 trillion in US treasuries defending the peg when the Yuan depreciated last time[1]. They were "manipulating" the currency to make

China burned through almost $1 trillion in US treasuries defending the peg when the Yuan depreciated last time[1]. They were "manipulating" the currency to make it stronger. This time they did nothing, and they are being accused of being a currency manipulator. It is insane. [1] https://www.scmp.com/business/banking-finance/article/2071318/chinas-holdings-us-treasuries-sink-2016-prop-yuan https://www.scmp.com/business/banking-finance/article/207131...