Renminbi ‘weaponisation’ talk overblown, OMFIF-Oesterreichische Nationalbank meeting
Commentary: Renminbi ‘weaponisation’ talk overblown
By Mark Sobel in Washington
A media furore has flared over whether China will dump US Treasury holdings or ‘weaponise’ the renminbi. The debate is entertaining, but misses the mark. In spite of much rumour and conjecture, in the past China has consistently neither acted to ‘dump’ or ‘weaponise’ its Treasuries, nor shown interest in doing so. Instability is...