[revealer]

Some said China can always print money to handle its debts as the US has done. They might not want to do it; at least, not until the Chinese Yuan can be as popular as the USD, which makes up over 60% of all known central bank foreign exchange reserves. This is because printing money always devalues the currency. Because USD is a global currency, almost all countries will devalue their currencies at the same in order to maintain the rate with USD. Also when Xi took over office, China's debt increased at a rate of about 2 Trillion per year and they have been drawing down quite a lot from its foreign reserves at the same time when they devalued their currency to maintain the rate with USD.


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