known unknowns........erm

China to 'liquidate' US Treasuries, not dollars
By Ambrose Evans-Pritchard Economics
Last updated: September 15th, 201117
The debt markets have been warned. A key rate setter-for China's central
bank let slip - or was it a slip? - that Beijing aims to run down its
portfolio of US debt as soon as safely possible.? The incremental parts
of our of our foreign reserve holdings should be invested in physical
assets," said Li Daokui at the World Economic Forum in the very rainy
city of Dalian - former Port Arthur from Russian colonial days."We would
like to buy stakes in Boeing, Intel, and Apple, and maybe we should
invest in these types of companies in a proactive way.""Once the US
Treasury market stabilizes we can liquidate more of our holdings of
Treasuries," he said. (more)