China is experiencing a 40%+ decline in export trade. They have a mammoth $550+ billion stimulus plan that might have run its course. They have banks that are failing on a low level. Their stimulus might have found its way as much to their Shanghai stock market as to bank lending. Their industrial expansion is primarily linked to global trade and the export markets. As much as they would like to generate internal demand, it cannot prevent over 1000 industrial plants from shutdown, already done. More are to come. They respond with Yuan-based swap facilities in numerous foreign lands, but that can only accomplish so much in export markets. China is actively attempting to diversify its reserves. The reality (not a joke) is that they are trying to cobble together 2000 different $1 billion deals to secure hard assets in exchange for USTreasury Bonds, enough to dump their $2000 billion US$-based hoard at risk. They are acquiring stakes in foreign mining firms, stakes in mining projects, and entire properties.