Chinese Economy Would Collapse If US Buyers Cut Support, Says Trump’s China Envoy Pick

WASHINGTON—President Donald Trump’s nominee for ambassador to China told lawmakers on Thursday that the American buyers could deal the Chinese economy a fatal blow by stopping the injection of money.
David Perdue, a former Fortune 500 CEO and one-term senator for Georgia, said in his confirmation hearing that it’s time for the United States to take a stand against Beijing’s unfair trade practices after decades of turning a blind eye.
Perdue said he believes “those days are over.”
“The way forward is for the United States to become informed about that and to stand up to the channels,” he said….