Comment Re:The world is ripping off China (Score 1) 34
Regardless, it might just be a database entry of some numbers, but don't just sit on it but rather convert it into things like government gilts and bonds - "Treasury Securities", in US parlance. Still a database entry, but one that turns that fiat piece of coloured paper into a way to help out an ally, or into a notional lever they could pull to disrupt the economy of the bonds they hold; dump a large number of the bonds, and watch the economy in question take a dive as inflation spirals upwards. Yes, the book value of the rest of their holding goes down too, but that's still a better use of the money than just torching the virtual equivalent of a pile of coloured paper sat in a warehouse, Joker style.
As of September, China is currently the third largest foreign holder of US T-Bills ($700.5b), after Japan ($1189.3b) and the UK ($865.0b), then you're rapidly into the long tail with Canada in 4th place at a "mere" $475.8b. That's quite a lot of influence, should they choose to use (read "burn") it.