Nah the Chicoms will never let their currency appreciate against the greenback. They will keep buying it or run the risk of massive inflatio at home. The US and China are attached to the proverbial hip.
I don’t think it would cause inflation at home if the yuan were allowed to appreciate, but it would damage their export industries.
That they are.
We are not buying their goods at the moment. Their cash reserves aren't going to be sufficient to purchase the debt we're offering.
The morons in Washington need remedial math courses to see where this is all going. It will become a global disaster where the only protection a country has is to nationalize its debt -- starting with the U.S.