Yeah right and watch the US cripple the Chinese economy by putting import tarrifs on everything made in China and forcing pretty much everyone else to do the same. China may have growing influence but they are not there yet. Any deliberate attempt to undermine the US economy would be a disaster with huge repercussions.
China can only sell the assets if they have a realisable value.
If they tried it how long would it take the US to declare foreign held bonds frozen and of no realisable value subject to reaffirmation of value by a US bank thus rendering the Chinese holding of no value and allowing them to economically cripple China in one go?
If one side opts for the "nuclear option" the other side can respond in kind.
We in the west deserve everything we get by trusting this communist nation.They have virtually taken over half the worlds manufactoring jobs and especially the UK have exported a lot of jobs on the back of cheap labour in order to save money for their greedy shareholders and high earning executive management teams.
The Chinese economy isn't as heavily dependant on the US as it was even 5 years ago. The EU is now it's single biggest trading partner, then Japan, with US in third place. Also, the domestic market makes up a far larger slice of the economy than it did then. A trade war would hurt them quite badly but not cripple them, and I suspect the US domestic economy would be hurt more as the inward cashflows dried up.
As to the responding in kind by freezing bonds held by China, that's America's own 'nuclear option', but as with everything that makes a big bang the key is not to be standing too close when it does. These bonds are freely tradable; that's what makes them so attractive. If the US acts unilaterally (quel surprise) to restrict their tradability, they become less attractive as they might suddenly become non-realisable. Other investors might think twice before putting their money where there's a risk they won't get it back and driving away foreign investment isn't a good way to stabilise your economy.
I don't think a car-crash on this scale would be in anybody's best interest. The fact that this was brought up at all is most likely the Chinese way of saying "Keep your nose out of our business, bitch".
This is a separate issue. The main issue is how China artificially values it's yuan so that it can undermine American & European markets. China is headed for a huge crash sometime in the next 10-20 years because of this as it is now.
The items being warned about, actually caused a large number of peoples pets to die, and a larger number to get very sick. This prompted investigation into other items like toothpaste laced with anti-freeze or childrens toys painted with lead paint.
This isn't in reaction to threats by China although I would think that Chinas responses may be in part to this.
Together with the Central Bank of Russias foreign reserves, Russian authorities have a currency reserve of $413 billion, the largest per capita foreign currency reserve of any major economy, including Chinas.
Private capital flows into Russia increased roughly 360 percent in the first six months of this year
By that measure, the ruble remains the worlds second-most undervalued major currency, behind only the Chinese yuan, whose value has given policy makers in Washington headaches.
Indeed, the ruble would be even more valuable today if not for the Russian central bank intervening to keep it from rising more.
As the ruble increases in value not just against the dollar, but against brawnier currencies, too, like the euro imported goods are becoming cheaper for Russian consumers.
You miss the point, Sergey. China's economy is pretty much built on exports - if they tried something silly on the US then they could expect a serious reduction in exports and then they would find their own economy in dire straits.
As has been said, it's a two way street, this economy stuff, and if CHina tries any funny business it'll find itself in a bad situation.
Same goes for Russia, except Russia isn't as strong as China, so even less of a problem.