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Two officials at leading Communist Party bodies have given interviews in recent days warning - for the first time - that Beijing may use its $1.33 trillion (£658bn) of foreign reserves as a political weapon to counter pressure from the US Congress.
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at 16:14 on August 8th, 2007
This is a threat that the West has been afraid of for some time. It's unlikely that the Chinese would do it but just by making the threat, the Chinese are putting the dollar under pressure.