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Chinese gambit: US imposes sanctions on China


29 May 2020

Washington blacklisted 33 Chinese companies, almost all specializing in computer technology and software. The pretext for these sanctions was the "oppression of the Uyghurs" in the country. However, the most likely reason is that Beijing violated the Hong Kong transfer agreement. I think from this and the next round of confrontation between the United States and China will begin after a six-month break. 

It must be understood that this is not a one-goal game - the People’s Bank of China is slowly but surely devaluing the yuan, the rate of which has already reached its minimum since the 2008 crisis. For the American economy it is very painful, trade with the region is becoming unprofitable. 

America needs a weak dollar like air and they are doing everything possible to achieve this goal. In particular,  today Donald Trump announced the holding of a press conference on China. We are waiting for ardent statements about "genocide" and other flashy phrases in the best traditions of Donald. 

#source

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