the head of china's $200 billion sovereign wealth fund gave an interview in the atlantic, a non-financial publication. he describes the problems in the global financial system, america in particular, and the differences between china and america. for example, when he graduated from duke in 1986 as a lawyer, he was earning $60,000. when he went back to china, his first month's salary was 59 yuan.
On what might make the Chinese government start taking its dollars out of America (I began the question by saying that China would hurt itself by pulling out dollar assets—at which he interjected, “in the short term”—and then asked about the long-term view):
http://www.theatlantic.com/doc/20081...