https://t.co/92Bum9JUYH

Zhai Dongsheng's analysis of China-US GDP is something I strongly agree with.

The core viewpoint is that it is very easy for China's GDP to surpass that of the United States; just raise the exchange rate. The current low exchange rate of 7.2 is a choice, not a natural development - because it's simple, you just don't invest abroad.

If the exchange rate is adjusted to around 1:5, then China's economy will head towards a path balancing consumption and manufacturing. Some low-end manufacturing will move to Southeast Asia, while China will become a larger consumer market, possibly surpassing the United States. This would greatly increase China's influence in Asia and even globally. The happiness level of the Chinese people would also be higher.

From Trump's perspective, he hopes that the US can print dollars to create something tangible, which in turn would lead China to adopt a model of printing renminbi to create something intangible, with China and the US moving towards each other.

Overall, I believe this is a path of least resistance.

Of course, we must avoid the mistakes of the Japanese Plaza Accord, which suddenly raised the exchange rate too high, leading to a bubble that was then burst. Japan's erratic operations can be said to be extremely foolish.