In a commentary, SMU Adjunct Faculty Dr Larry Haverkamp shared his thoughts on the currency squeeze China is supposedly facing. He noted that China is not the first country to be in a spot like this, adding that the most famous currency squeeze was in 1992, when George Soros played the bad guy and made enormous bets against the British pound. Dr Haverkamp also noted that the bet against the Yuan are huge, and the only reason it doesn’t collapse is that China keeps buying Yuan with its US dollars reserves, which are the largest in the world but are dropping fast.