What do China’s global investments mean for China, the U.S., and the world? (David Bollar, Brookings)

China’s economic rise is one of the factors creating strains in the international financial order. China is already the largest trading nation and the second largest economy. It is likely to emerge in the next few years as the world’s largest net creditor. It is already #2 behind Japan. Until recently, China’s main foreign asset has been central bank reserves, mostly invested in U.S. Treasury bonds and similar instruments

http://www.brookings.edu/blogs/order-from-chaos/posts/2016/05/18-china-global-investment-dollar