, Columnist
China Stabilizing the Yuan Is Remarkable. That's Weird.
This is noteworthy only because the U.S. is now so unreliable.
Every yuan counts.
Source: VCG, via Getty Images
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Trade conflicts may not be as easy to win as Donald Trump asserts. His principal target, China, is the victor in the war of public relations.
From economics to markets to statecraft, China these days is seen as the stabilizer and America as the disrupter picking fights.