This can not be true because the free traders told us just the opposite was happening.
They have so much money now they are going to do this:
Report: China considering US$12 billion investment in Russia
Premier Wen Jiabao will discuss possible Chinese plans to invest up to US$12 billion (euro 9.8 billion) in Russian energy industries during a visit to Moscow this week, a Hong Kong newspaper with close ties to Beijing said Tuesday.
The report came as energy-hungry China appealed to Moscow to see that oil giant Yukos meets commitments to Chinese customers, after the troubled Russian company suspended some exports.
During his three-day visit starting Thursday, Wen will discuss bilateral issues with Russian leaders, and Moscow's bid to enter the World Trade Organization, the Wen Wei Po newspaper said. It didn't give a source for the information.
"The two countries might also reach agreement that by 2020, China will invest US$12 billion in Russia's energy resources and infrastructure," the newspaper said, without giving more details.
http://asia.news.yahoo.com/040921/ap/d8580dgg0.html
Actually, a free trader will tell you that the US needs to make itself more receptive to capital investment. A protectionist simply blathers about tariffs.