Current Events-Chinese economic muscle

http://www.usatoday.com/story/money/markets/2015/08/13/market-calm/31610769/

After two days of turbulence caused by China's surprise intervention in currency markets, global markets flashed signs of stability Thursday as stocks around the globe rebounded after China slowed the pace of yuan depreciation and its central bank took steps to reassure markets.

So the markets feel "turbulence" after the Chinese tweak their economic approach just a bit? 

Global investors are coming to the view that the U.S. Federal Reserve and the European Central Bank will be "more supportive" if the China shock becomes more severe.

Oh. How kind of them...how supportive will they be if China devalues the Yuan by 10%?

The selloff in risk assets, such as stocks, has eased today, spurring purchases of beaten down stocks that got crushed the past two days due to fears that the devaluation in China was an admission by Chinese officials that their economy was in dire straights.

LOL. Interesting angle. I have yet to hear that the Chinese economy is in trouble...or in "dire straights." 
In fact, I find it hard to believe that an exporter as gigantic as China will ever have economic trouble except if it would facilitate a new world reserve currency.

Current Events-Chinese Economy

http://www.usatoday.com/story/money/2015/08/10/china-yuan-devalued/31445535/

China took action Tuesday that resulted in the biggest one-day drop in the value of its currency in a decade with the apparent goal of reinvigorating a slowing economy.

The yuan slid in value after the Chinese government changed currency controls. The move came amid the latest release of data showing weakening trade in the world's second largest economy.

The yuan fell 1.3% against the dollar compared to Monday's rate. While it might sound modest, it was the biggest one day fall since the yuan's value was decoupled from the American dollar in 2005 and became tied to a basket of foreign currencies, including the dollar.

So, China devalues its currency AFTER dropping $180,000,000,000 worth of US Treasuries. What does that imply?

Current Events-Chinese Economics

http://www.bloomberg.com/news/articles/2015-08-09/china-slashes-u-s-debt-stake-by-180-billion-and-bonds-shrug?cmpid=yhoo

China has reduced its holdings of US Treasuries by about $180 billion...and yet Bloomberg chooses to indicate that the demand for US treasuries is still "robust"...

Why would China make such a move?

UPDATE 8/24/15

Because it is getting ready to dump its dollar assets and along with it its partnership/pegging to everything associated with it!

What used to keep the dollar afloat in previous crashes was customers, like China, who would purchase US securities for their own reasons, namely, currency manipulation. 

Imagine if...China simply decided to stop exporting????

The chinese will usher in a new world currency!