The U.S.–China trade war may be transitioning to a monetary standoff.
As U.S. President Donald Trump’s tariff policies kickstart a reshuffling of global supply chains and trade, Beijing is looking to another battleground: the Chinese yuan versus the U.S. dollar.
Last month, Pan Gongsheng, head of China’s central bank, reiterated the regime’s interest in promoting the internationalization of the yuan, also known as the renminbi, at the Lujiazui Forum, a leading economic forum in Shanghai.
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The dominance of currencies, especially in the digital world, will be the next focus of the U.S.–China trade war, according to Mike Sun, a U.S.-based businessman with decades of experience advising foreign investors and traders doing business in China. He uses an alias to avoid reprisals from the Chinese regime….