Commentary
China’s collapsing currency is the latest in a series of economic decline symptoms that the Chinese Communist Party (CCP) leadership is scrambling to resolve, but so far, with little success.
The reasons for the yuan’s fall and Beijing’s failure are as predictable as they are destructive.
An Economic Chain Reaction
A major cause of the falling value of the yuan can be traced to the CCP’s zero-tolerance response to continuous outbreaks of the CCP virus across China. Beijing’s total lockdown policy for even a small number of cases in city after city over the past two-and-a-half years has severely interrupted export manufacturing activity….