[robowombat]

Chinese dollar holdings make what Japanese banks accumulated look anemic. Moreover, the most the Japanese hankered after was to manipulate the two economies for the long term benefit of some large corporations, banks and insurance companies. The Chinese have their eye on first becoming the hegemon of East Asia and in due course being able to end the politeness regime with the US and become the global hegemon. This will feature so unmistakable actions to degrade the US.

[Mike Darancette]

being able to end the politeness regime with the US and become the global hegemon.

Where then will we buy junky stuff? China is a long way from being able to project power globally.

Where would China be without it's trade surplus with the USA? China IMHO walks a fine line and will have to make a decision as to whether they want to foster world wide Socialism or they want to be a modern nation.