The Dollar “Has Us By The Throat”: Chinese Official Urges Gradual Decoupling Of Yuan Ahead Of “Full-Blown Escalation”

“Amid the soaring US-China tension which could give way to a military stand-off in the South China Sea, given the presence and military exercises of two US supercarriers there, Zhou Li earlier this month issued what many see as the more radical ‘extreme thinking’ out of the communist party: an eventual decoupling of the Chinese yuan from the US dollar.”