US-China trade war intensifies- Digital Yuan new weapon in arsenal
President Donald Trump tweeted on August 6, 2019, that the U.S. is in a strong position and the US-China trade war is a beautiful thing to watch. President Trump’s view is that Washington is holding ground in this trade war and attracting a massive amount of international investment. However, the key data from the trade war is telling a different story. U.S. exports to China slumped to $33 Billion that is 21%, at the end of June 2019; Chinese exports by contrast, increased by $4 Billion, almost 1%. Over the past 7 months of 2019, China’s trade surplus was over…