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Chinese currency is artificially valued and its foreign value depends on their forex exchange and large US dollar reserves. If china dumps us dollars it will d
by LegitShady 7y ago
Chinese currency is artificially valued and its foreign value depends on their forex exchange and large US dollar reserves. If china dumps us dollars it will devalue the dollar, and it will destroy the chinese currency beyond saving.
Thats not a one sided situation, that's a situation far more likely to destroy the chinese than the US.
They're using their USD to buoy their crashing currency, not to dump out of spite to try to crash the USD.