[dragnet2]

That's not what China is implying at all! They are saying, shut up Obama, or we will tank the US dollar- like this (sell sell sell) So unless you want to maintain the stability of the USD, shut up and do what we say.

They hold more and more of the chips.

[Nathan Zachary]

That they do, to some extent. Depends also on how willing they are to sacrifice American markets, and the value of their holdings to pursue their version of a new world order. They could be they are very willing. China doesn't care that much about starving peasants in their own country if it's for the greater good.