It’s funny many people mentioned Japan in the late 80’s, how their Econ crashed and US had the last laugh. But nobody mentioned all of that happened because of Japan caved in to US pressure and revalued their Yen by 50% ...
Now we want to just repeat the history, destory China’s Econ just like we destroied Japan’s by forcing them to revalue their currency. But I doubt Chinese is that stupid.
If there is no huge bubble built up in Japan, there would have been no big crash. Japan made themselves vulnerable for economic downturn.
China is welcome to sustain current currency value if they so desire. As I said, it will open the avenue for a different kind of shock.