|
You could say that, or you might take the view that the Chinese aren't convinced that the US as a future market is not going to remain at this lower level or regain its recently held position.
If that was the case, they'd be looking at any ways and means possible of maintaining as much of the value they currently hold in dollars - without threatening a Suez-esque bankrupting option - in some other way.
__________________
"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
|