The gutter press of global capitalism shows a paucity of knowledge that is simply staggering. Perhaps the journalist also reported that the US was about to cease trading with China beacuse of Gramm Schuman. China does not yet have itsown government debt mrket repository for this "funny money" or a means of storing pension assets. Where would it transfer the money. China can diversify its assets simply by sterlising its trade surplus in other countries or seeking to penetrate other export markets and retaining "reserves" elsewhere. Its annual trade surplus of US$250 billion can achieve 50% diversification in just 3 years or so. Better for the journalist to concentrate on how the Chinese government is lifting livign standards within Chinese western agricultural provinces and taking the heat of the booming cities.