That's part of what makes the half trillion dollars held in
China's hands so problematic since Japan holds about the same amount of
US paper. If China dumps the dollar, that move will likely crash the
Japanese economy as well.
In short, from the Chinese perspective, it's a two-fer.
Wouldn't that strategy be detrimental to the Chinese? Would it be
wise to make such a tremendous investment only to watch its value
evaporate? What of the Chinese economy in that case?
The Chinese are clever people. (There are, in fact, clever people
all over the world.) Why would they seek the demise of their largest
market?
robert luis rabello
"The Edge of Justice"
Adventure for Your Mind
http://www.authorhouse.com/BookStore/ItemDetail.aspx?bookid=9782>
Ranger Supercharger Project Page
http://www.members.shaw.ca/rabello/
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