[VeniVidiVici]

No it means China has more secure access to basic commodities and gets to avoid the dollar

Are you assuming China's not paying in dollars, or do you know this?

[kaylar]

Brazil and China are trying to work out a deal whereby the purchase from each other using national currencies, bypassing the dollar. There were multiple articles posted to FR about it a few days ago :

Lula: Let's trade in our own currencies

China and Brazil: Dump the Dollar

But there's also been a bit of backpedaling, or soft-soaping, however you want to put it:

Brazil, China Plan to Trade Without Dollars Is ‘Pure Idle Talk’

China, Brazil Yuan Trade Will Take Years, Bank of China Says

Guess they got scared of setting off a dollar-dumping frenzy too early...

[Polynikes]

See post #10. The Chinese see whats happening in the US re: the dollar and the economic house of cards our Community Organizer in Chief is perpetuating. They are taking a long strategic view and are trying to work around the dollar when possible. They may have softened their dollar dump for the time being but rest assured they see a coming collapse.