Hu Jintao can say without exaggeration that the fact that he holds a claim check on a big chunk of America is worrisome. I'm worried, too.
Translated from the English translation, Hu is saying:
- China is a player. Don't screw with China.
- The dollar has lost its claim to be the currency of refuge. China nominates the yuan.
- In the war of economies, China has won. Or is at least close enough to be a serious threat.
- Don't count on a bailout.