Wikileaks: US embassy cable - MEDIA REACTION: DALAI LAMA, U.S.-CHINA TRADE RELATIONS

http://cables.mrkva.eu/cable.php?id=247683

b. "The United States no longer sits still; it frequently uses evil 
tricks to force China to buy U.S. bonds" 
 
The Shanghai-based Shanghai Media Group (SMG) publication, China 
Business News (Diyi Caijing)(02/08)(pg A7): "This time the quick 
change of the U.S. policy (toward China) has surprised quite a few 
people.  The U.S. has almost used all deterring means, besides 
military means, against China.  China must be clear on discovering 
what the U.S. goals are behind its tough stances against China.  In 
fact, a fierce competition between the currencies of big countries 
has just started.  A crucial move for the U.S. is to shift its 
crisis to other countries - by coercing China to buy U.S. treasury 
bonds with foreign exchange reserves and doing everything possible 
to prevent China's foreign reserve from buying gold. The nature of 
such behavior is a rogue lawyer's behavior of 'ripping off both 
sides': taking advantage of cross-strait divergences, blackmailing 
the Taiwan people's wealth by selling arms to Taiwan, and meanwhile 
coercing China to buy U.S. treasury bonds with foreign exchange 
reserves and extorting wealth from the mainland's people. If we 
[China] use all of our foreign exchange reserves to buy U.S. 
Treasury bonds, then when someday the U.S. Federal Reserve suddenly 
announces that the original ten old U.S. dollars are now worth only 
one new U.S. dollar, and the new U.S. dollar is pegged to the gold - 
we will be dumbfounded.  Today when the United States is determined 
to beggar thy neighbor, shifting its crisis to China, the Chinese 
must be very clear what the key to victory is.  It is by no means to 
use new foreign exchange reserves to buy U.S. Treasury bonds.  The 
issues of Taiwan, Tibet, Xinjiang, trade and so on are all false 
tricks, while forcing China to buy U.S. bonds is the U.S.'s real 
intention."