I think it depends on whether or not you have a real currency or an manipulated simulation of a currency falsely pegged to other REAL currencies.
That don't play. Not in the long run.
I've been saying for two years that those that fear China as a threat to our real economy are overplaying the situation. It's like in the early 90s when we were doomed because the Japanese were going to own everything. By the time that got any notice it was already two or three years after it wasn't a possibility anymore.
I'm such a sage. Now I only have to figure out why I can't translate my (infallible) wisdom into actual prosperity. ;^>
Maybe its those big double joints and that walnut beak. : )