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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Review

Chris Finnie
4.7
by Chris Finnie - Oct. 1, 2008

For years, those in the know have worried that China has been positioning itself to control the US economy by buying our debt. This story presents clear evidence that they were right and that China is not hesitant to use the massive stake they now hold in our country. We are in deep trouble and part of that trouble is that only the foreign press has the guts to point it out.

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Chris's Rating

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4.7

Very good
from 13 answers
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4.9
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4.0
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3.0
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