Yeah it may be a double edged sword but the sharp end that’s aimed at China is rather dull. The number of countries that increased their yuan holdings while limiting or even reducing their USD is baffling. All while China has lower inflation (regardless of the peg) and reopening prospects. They urged the US to keep their rates low as fuck because arguably we’re cutting off our own limbs here in the states while China suffered a mere paper cut.

This is the real answer. Chinese people were literally fuckin locked in their homes unable to even buy food, and the Chinese government barely printed a single dollar. Hell they even encouraged the US to keep going on their destructive path by saying the rate increases were dangerous.

Why the fuck would they have high inflation? I do suspect their rate will rise to about 2-2.5% as they just recently abandoned zero covid only a month and a half ago.

Source: net worth in NIO. Read a lotta Chinese news From both America and overseas.

Ahh but see purchase requires an adult sized wallet.