China will ALWAYS be cheaper in manufacturing than the U.S.. Notice how China is going “green” and isn't signing on to “cap and trade”. That will put the final nail of the manufacturing in the U.S.. Even the “communists” see through tat crap and want to make money.
China is NOT buying into our currency. They barely buy our debt. They want to DUMP our debt asap. They are buying just enough of our debt to keep up their investment in our debt. They are UNLOADING the U.S.. They see the U.S. as a LOSER and they are right.
China doesn’t lack for purchasers. The Chinese are concerned about THEIR INVESTMENTS.