China is shorting the US Dollar heavily

China-based banks are reportedly taking massive short positions against the US dollar, amounting to over $100 billion. The East Asian nation is quietly using this complex currency strategy to gain the upper hand, and the implications seem to be massive for the global economy. This strategy has led to billions in potential losses for the […] source: https://www.cryptopolitan.com/china-is-shorting-the-us-dollar-heavily/