Since the European crisis, which started end 2011, the Chinese have been reverting their policy once again. Basically, they are pulling their money out of Europe and putting it in the United States.
China is already starting to stop buying European debt. Instead they are accumulating U.S. debt and gold.
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China is pegging the CNY to the USD once again.
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| Chart 1: China U.S. treasury holdings (billion USD) |
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