My Way News - China 'worried' about US Treasury holdings
AP reports: "China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending. [...] China already is Washington's biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those assets."

Comment: An ominous development, to be sure. The U.S. has no one else to blame, and yet it is still shocking to see this power relationship reversal acted out on the world state in such a public manner.