China rejects US claims at currency too low

Thesis: China should fight back after the arms deal.

After the United States arms deal to Taiwan the Chinese need to fight back to remain a world power. This rejection from the Chinese to the US doesn’t come left field because the Chinese need to remain a world power and the only way is to keep under valuing their currency. This is like the New York Mets getting a really good player and their cross town rival the Yankees suddenly making a huge deal. My point is any rival makes a move against you then you are going to push back. This rejection was in the best interest for the Chinese because they can say (subconsciously), the US pushed back so we can give it right back. Another thing is they say the US isn’t doing enough to get out of their slump.
China claims we (the US) aren’t doing enough to deal with our descending economy. Edward Wong of The New York Times says “…the Chinese economists were concerned that the American government, suffering from a record budget deficit, could print more dollars and issue more bonds, eroding the value of the dollar.” One thing to know is the Chinese own most of the bonds and could use that as a diplomatic solution and another thing is lowering the value of our dollar would make their goods pricey. All in all the Chinese have all rights to push back after the arms deal.
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