Chinese Vice Premier Liu He (second right) at the Diaoyutai State Guesthouse in Beijing on March 29 with (from the left) US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese central bank chief Yi Gang. Photo: AP
Opinion
Opinion
The View
In the trade war with the US, China should fight smart – and weakening the yuan or selling its US Treasury notes wouldn’t help
- Should Beijing weaponise the yuan or offload its US Treasury holdings to retaliate against Washington? Probably not. Such measures either make no economic sense or might backfire on China
Chinese Vice Premier Liu He (second right) at the Diaoyutai State Guesthouse in Beijing on March 29 with (from the left) US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese central bank chief Yi Gang. Photo: AP