Originally Posted by
Rjk
China's economy is highly export based, they are buying US treasury bonds because that is the most widely used currency and they want to suppress the value of the RMB to make exports cheaper.
I don't think it is in China's interest to change that strategy any time soon.
If and when another currency does replace the Dollar as the top global currency then the US might have a currency crisis, especially if that change happens quickly, but that's just a short term shock, and doesn't benefit anyone, as it would also significantly reduce the market for China's export goods.
Completing the silk road project will have a far more fundamental and long term impact on China (and the world's) Economy than trying to pull the rug out from under the feet of the Yanks. It allows them to have much more secure access to the resources they need, and to bring more countries into their sphere of influence