It's no joke.
The revaluation of the RMB is not necessarily an issue with the exports, it is an issue with the amount of US debt denominated in US dollars that they hold at paltry interest rates. The revaluation will create tremendous losses on the USA treasuries that they hold. Guess who has been funding a lot of the US deficit. What money is spent must be borrowed from somewhere. It ain't pretty.
The revaluation of the RMB is not necessarily an issue with the exports, it is an issue with the amount of US debt denominated in US dollars that they hold at paltry interest rates. The revaluation will create tremendous losses on the USA treasuries that they hold. Guess who has been funding a lot of the US deficit. What money is spent must be borrowed from somewhere. It ain't pretty.