``Jin Baisong from the Chinese Academy of International Trade -- a branch of the commerce ministry -- said China should use its power as Japan's biggest creditor with $230bn (£141bn) of bonds to "impose sanctions on Japan in the most effective manner" and bring Tokyo's festering fiscal crisis to a head... Mr Jin said China can afford to sacrifice its "low-value-added" exports to Japan at a small cost. By contrast, Japan relies on Chinese demand to keep its economy afloat and stave off "irreversible" decline.'' -- A prelude to explicit threats against the US?

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