Washington is biggest threat to the dollar

By Dan Steinbock | China Daily | Updated: 2020-07-29 07:00In response to the United States’ decision to close the Chinese consulate in Houston, Texas, China ordered on Friday the closure of the US consulate in Chengdu, Sichuan province. Tensions between the two countries have now escalated to such a level that risky unpredictability is now the new common denominator of Sino-US ties.Worse, the White House is reportedly considering moving from a bilateral trade war to taking measures that would exclude China from the dollar-denominated international payment network even though the extension of t…

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