[
www.euronews.com]
Quote
News Link
The value of China’s currency, the yuan, remains a big sticking point.
Washington accuses Beijing of keeping it artificially low against the dollar, but cannot push too hard on the issue because of the mutual economic dependence between the two.
After American tax payers, China is the second largest holder of US debt with $900 billion worth of Treasury securities – basically bankrolling Washington’s deficit.
We can't even accuse them too harshly of things. The phrase "biting the hand that feeds you" comes to mind. The American economy would be unequivocally devastated if we even indirectly went to war with them circa Cold War era tactics.