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Why China Can't Dump U.S. Treasuries

what if china decides that they don't care if their currency strengthens against the dollar? their economy may be far less export dependent than you may think. the internal demand in the country could be enough to mitigate any negative impact of lower exports. sure they take a hit on their dollar investments but that's going to happen anyway as our government spends itself into "bolivia" (apologies mike tyson).