You need also to remember that China owns $1.7 trillion of US Government bonds so they are in a win win situation there also as in times of crisis the de facto fligh to safety is the US Dollar and it appears to be forming a cup and handke formation projecting 30 percent upside giving China a circa $400 billion up lift on its debt value.
Or they could simply dump all their bonds causing hyperinflation in the USA
Daily Price Movement / General Discussion, page-29971
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$2.16 |
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Mkt cap ! $2.803B | |||
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