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China May Be Preparing To Deploy Economic 'Nuclear Option'

Posted on AllSides April 30th, 2024
From The Center

China has been buying up commodities at a rapid clip, prompting analysts to wonder out loud whether Beijing is preparing to choose the economic "nuclear option."

"China is preparing for something major. That seems increasingly obvious judging from the stockpiling of important resources. Could it be that they are preparing a major one-off devaluation of the CNY?" Andreas Steno Larsen, CEO of Steno Research, wrote last week.

Going "nuclear" and intentionally devaluing the Chinese yuan could boost exports by making its goods cheaper and more competitive—but not without serious repercussions, including...

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