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Here's How China's Economic 'Nuclear Option' Would Impact US
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Here's How China's Economic 'Nuclear Option' Would Impact US

China's insatiable appetite for gold, copper, and other commodities has led to a debate over whether Beijing is gathering resources to hedge against the consequences of devaluing its currency. If Beijing invoked the "nuclear option" and intentionally weakened the yuan (RMB), this would likely draw a fiery response from Washington, but it could also take some pressure off American consumers and impact the 2024 elections. Weakening a currency relative to others has benefits, such as...
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