The Chinese government owns a substantial portion of U.S. Treasuries, making it the country's biggest creditor. As the U.S. looks to sell huge sums of debt to pay for its economic stimulus, signs are emerging that China might not be as interested as it used to be. Also, People's Bank of China Governor Zhou Xiaochuan recently suggested changing the reserve currency, sparking concerns that the Asian giant is turning its back on the U.S. dollar
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