hi mike, you said:

" And my point remains that the action from the Chinese is NOT legitimate hedging."

you might want to reconsider that opinion. what the chinese are doing is simply hedging themselves against the corruption of the usa, the world police agent that is paid in holding the world reserve currency for that job. the usa did a sort of ok kind of job, but recently it clearly turns out to be a corrupt policeman that is only looking out for its own thrill and advantage, think 'bad lieutanant' with harvey keitel here.

the chinese have been working hard to make themselves some money and delivered as promised, and they now just try to protect that money they earned with their honest work.

the only way to stop the usa corruption, seems to come from china,, just leveraging on the usa level of doing business.

the usa seems the evil power here. it's about time that comes to a halt. and the american people are not able to do so, nor are their chosen politicians, and all together they are just blaming the chinese like you just did. that my firend will turn out to be an horrible dead end and good for a serious war.

the corruption and low morals seem to currently take place in your own backyard and not so much in china.

take care, roos.