Chinese economist warns the U.S. to back off Yuan revaluation or else it will use the nuclear option

Book cover of the Currency Wars (Taiwanese version)

Ding Yifan, an economist with the Development Research Center warned U.S. lawmakers not to start a trade war by imposing duties on imported goods from China or else China could retaliate by selling its US Treasury holdings. Read the Reuters story here.


Ding's views are his and not part of official policy but they do reflect the current thinking in government circles, which can be traced back to the best selling book in China called Currency Wars, by Song Hongbing.