Dollar holdings risky, SAFE official warns

http://www.chinadaily.com.cn/bizchina/2011-06/09/content_12663731.htm

China should guard against risks from "excessive" holdings of US assets because Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.

However, the comments by Guan Tao of the State Administration of Foreign Exchange (SAFE) were quickly removed from the website at his request. He told Reuters the comments had been made in private academic discussions and represented his personal view only.