C) neither? Decades of deficit to China means China holds a ton of USD and treasury bonds. If China was to dump either or both, it would probably crash them, and would hurt us more, but would also hurt China. And if China hurts, it follows that their currency will as well.
If the United States gets into a real trade war with China (which might drag other countries in as well), will it be better to have my money in USD or Chinese yuan/RMB?
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*it would probably crash the value of those equities* is equities the right word? One is a currency and the other is a security. Not sure what you call them when you want to refer to both. (I understand economics but some of the parlance of finance eludes me)
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