The greatest threat the digital yuan poses to the United States is that it endangers the international financial system America has led since World War II.
What China did this week is the strongest counteraction it has taken so far in its ongoing trade war. It might have achieved the desired effect of causing market panic, but it will end up hurting China the most.
China’s move to make the yuan stronger seems to contradict the traditional belief that China has been intentionally making its currency weaker to gain export advantages.
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