Quote Originally Posted by Pork Chop View Post
...they’re dumping the dollar and US bonds and buying gold and that's apart from the estimated $1.12 tr debt they own.
Taxcutter says:
Dumping the dollar and US bonds seems counter-productive. It devalues that $1.12T of dollar-denominated debt they hold. Dumping the dollar partially offsets their devaluation of the yuan.