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A comment on Tech giants join call for funding U.S. chip production. Parent comment

Re:Tech giants join call for funding U.S. chip production by chii on Wednesday May 12, 2021 @12:01AM (#27126445)
That's not really true - china uses the USD they own to peg the RMB to enhance their export.

In times of war, this USD debt is going to be a liability for china, since the US can just refuse to repay it (and after all, what else is china going to do about? Declare war again?).

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Re:Tech giants join call for funding U.S. chip production by RhodoGSA on Wednesday May 12, 2021 @02:46PM (#27133737)
https://www.lynalden.com/global-dollar-short-squeeze/

Kind of explains the problems with China having too much USD debt. Even without times of war.

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