China Concerned About Weakness of the Dollar

SEE HERE China and no doubt a whole bunch of other countries are concerned about the weakness of the dollar. But they are also pegged to the dollar so that it's hard to escape. With the Euro in just as bad shape there doesn't really look like there is anywhere for them to go. The danger of inflation in the U.S. currency may trigger moves to strengthen the Chinese currency against the dollar and that would be interesting. Right now I think that inflation is inevitable, the only questions are how soon and how much.