China set to cash in its chips, sink US dollar Sh*t, meet Fan. As in He Fan, an official in the Chinese government who promises that China can sink the U.S. dollar if it feels like it. The Telegraph is reporting that China "has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation." China's state media is referring to the tactic as the "nuclear option." in Public bookmarkswith bankingchinadepreciationdevaluationrecessionus-economyyuan