When things cannot go on forever, they stop. And so it is with China’s support of the US dollar. Foreigners sold more than $500bn of US government bonds during the second quarter, and perhaps one-third of that was unloaded by Chinese entities. The trend is worth watching.
當事情無法永久持續時，它們就會停止。中國對美元的支持正是如此。今年第二季度，外國持有者出售了逾5000億美元的美國政府債券，其中也許有三分之一是中國機構出售的。這一趨勢值得關注。
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