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And sell it to whom? And in what form will you hold the proceeds? Remember, dollar is only worth the issuer, ie US govt! Also, that will screw you remaining holding, ie remaining US treasury bonds that you hold. It will hurt you more as you have about 3 trillion dollars worth of those bonds in your forex reserves.
Lastly, US can flatly deny or invalidate all the US treasury bonds held by you. It will screw their credit rating but it will wipe out your entire forex. They can do it in pretext of some 'human rights' or equally flimsy excuse. As they say, if you owe bank 1000 dollars you are in trouble if you don't pay. If you owe bank a 100 million, bank is in trouble if you don't pay.
That is easy! we can always freeze the money of americain companies' in CHINA,and freeze americain companies wealth only!
i think apple can contribute 50 billion usd in rmb of course!
GE can contribute 50 billions usd as well,
Cisco can contribute 20 billion usd....
micosoft can contribute 10 billions usd,
qualcomm 80 billion usd.....
and there are countless us companies in China ,much and much more than that of CHINA in US.
this is why china should do it,US is taking advantages of china for a long time and still can not meet their excessive demands,so once for all,eraced completely,you want to play dirty with chinese, and guess what,by ready for more dirty play!
Unless US companies do not want to enter CHINA market again,we will not lose.
There are few and few things that we can not manufacture!
No one can intiminate us on this planet,no more!
We are open mind to talk but not under threat,no more!