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I realise that it's oil equivalent -China has its own coal, so they won't import all that much when they can use coal.

Anyway, I'm sure they will be able to buy what they need. The question will be how all that plays out (if they use their reserves, they will no longer prop up the dollar, exchange rates will change a lot...). Still, it's clear that their huge reserves are an amazing cushion.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Tue May 27th, 2008 at 07:12:43 AM EST
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