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Jiang treats the Xi–Trump visit as a strategic theater.
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Jiang treats the Xi–Trump visit as a strategic theater.
Jiang defines American-style liberalization for China as allowing the renminbi to float upward and become more convertible so Chinese consumers can buy more overseas goods.
"So, from the American perspective, liberalization just means that the renminbi is allowed to float and therefore, it's allowed to increase in value, which..."
"...to the source because the people inside China appreciate that the renminbi its"
"entire value is based on the US dollar so you're that renminbi or US dollar of course you want the US dollar okay and..."
"...this on the garnet of the USD. It's only because the renminbi can be exchanged for the USD that allows China to purchase so..."
"...to go back to the source, right? So you know the renminbi is based on US dollars. If you can change the renminbi for..."
"...All this is saying is that you can't actually convert your renminbi into other currencies. So most countries have full open capital accounts. The..."
Jiang treats the Xi–Trump visit as a strategic theater.
The interview starts in Venezuela and ends in Chinese classrooms, but Jiang treats the whole route as one argument about empire under strain: Washington uses frontier pressure to force China into carrying the American...
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