So China wants to shoot itself in the foot.
If this was for real, it would only be a relatively short-term pain. They might lose trillions, but if you’re at war, that’s a small price to pay to destroy your enemy.
No, if this is really going on they don’t want 95% of the worlds loose dollars flooding into their backed currency at an uncontrolled rate, particularly if it’s actually convertible.
go ahead, but I wish they'd aim higher.
Good for China. Guess this means we can import any more of their cheap crap into the US. No more toys with lead based paint, Chinese drywall, dog food that kills dogs, processed chicken, tilapia, and on and on. Sounds good to me.