For a long time, the exchange rate between the US dollar and the Chinese Yuan Renminbi remained below 7. It existed like a myth in the minds of the Chinese public and the outside world. But such a myth has recently been shattered.
The CCP is annoyed with this. China’s state news agency said that the aggressive interest rate hike by the American Federal Reserve is a strategy chosen by the U.S. after repeatedly weighing its calculations, with the intention of transferring the crisis outward through the hegemony of the American dollar, which essentially harms others and harms the world. It is also said that "the world has been suffering from the US for a long time."
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