If China would let its currency float, it would already have lost half of its investment in TBonds. They don't have to buy US goods with their dollars, they can buy commodities. It is seems that they are doing so and I would do the same. One can always find good use to oil, copper and other "stuff".
U.S. Treasuries: China's Dilemma [View article]
Global Stock Markets: We All Fall Down! [View article]