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Perhaps these drastic actions stem from the following reasons:
1. To divert attention from significant domestic issues, including protests and challenges faced by ICE personnel regarding illegal immigration.
2. To generate funds in anticipation of a potential unwinding of the Yen carry trade, which could impact the stock market.
China doesn't need to do anything, just seat back and wait for global leaders to turn up one by one at Beijing. At the same time, watch the US destroys itself, 谢谢 Mr Trump.