This is the way I see this playing out with regards to commodities and China

All commodities at one time or another over the past year have hit record highs....this created demand distruction.....I think now they have put together a plan as to not be affected by another run up during their next phase of development

1st they save up all these soon to be worthless $US

In the meantime, they short all commodities and stop buying anything commodities related....the olympics helped to put their development on hold for a short while as well

This then helps to prop up the $US

When the valuations of all the commodity companys become dirt cheap, then they take all these proped up soon to be worthless $US and begin to buy up commodity companies for less than book value

This allows them to supply their development and rid themselves of this soon to be worthless paper

When commodities skyrocket once again due to supply constraints, they hoard their own supplies for their own development and sell any excess at record prices

Just a thought