China threatens 'nuclear option' of dollar sales

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter ... Full Story »

Posted by Mark Monday

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Jo Asmundsson
4.4
by Jo Asmundsson - Oct. 1, 2008

The article is well written and brings to the table news that has come from no other source. This may just be banging the drum so to speak, but it does give the USA a warning of the position in which we find ourselves, and that is , controlled by Cgh8na.

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