Dumping treasuries is figurative. The real action for China is to stop running a trade surplus and start importing and consuming more physical goods. This is wi

Dumping treasuries is figurative. The real action for China is to stop running a trade surplus and start importing and consuming more physical goods. This is widely claimed as a really desirable situation. It will be interesting to see if that is actually the case when it happens. I have a feeling that it will be something more akin to the proverbial 叶公好龙.