During the economic crisis in 2008, the United States sought China’s aid. US treasury secretary Hank Paulson conferred with Chinese officials, and China agreed to increase the value of the RMB and to stop selling US T-bills which it had been doing at that time. Paulson said, “It is clear that China accepts its responsibility […] - Kim Petersen
https://dissidentvoice.org/2023/06/readouts-point-to-a-disjuncture-between-us-and-china/?utm_source=dlvr.it&utm_medium=blogger
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