"And they now have 3 trillion in foreign reserves."
and 1 trillion of that is US treasuries that are getting pretty unpopular
if china lets its currency appreciate, which it looks like they will have to in order to combat inflation, the west will start looking at other places to do at least some of its manufacturing, curbing growth
china is doing well no doubt and is well established, but the world is relying too much on its growth story which is on shaky ground
