From Telegraph.co.uk:
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
Two officials at leading Communist Party bodies have given interviews in recent days warning Рfor the first time Рthat Beijing may use its $1.33 trillion (£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. [Full Text]
[Image: Fistful of dollars – China’s trade surplus reached $26.9bn in June, from Reuters.]
