China is asking the USof A 'who is your daddy?'
and is threatening mr Bush with dumping 900 milliard dollars on the market.
It seems this is an effective way to make mr Bush bend over and spread em wide.
Quote:
Two Chinese officials at leading Communist Party bodies have given interviews in recent days warning, for the first time, that Beijing may use its $1,330bn (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress. Shifts in Chinese policy are often announced through key think tanks and academies.
Described as China's "nuclear option" in the state media, such action could trigger a dollar crash at a time when the US currency is breaking down through historic support levels.
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http://www.telegraph.co.uk/money/mai...cnchina108.xml
If China does do this then it will be mega shopping time!