By Daily Crux Editor Brian Hunt:

Forget gold. If you want to know how China is fleeing the dollar, look at copper, iron ore, and oil.

Last month, China imported record amounts of copper and iron ore. Oil imports increased 14% year-over-year. As Bloomberg reports:

"It’s part of an overall desire to decrease its exposure to dollar assets," said Brian Jackson, senior strategist at Royal Bank of Canada in Hong Kong, in an interview today. China fears the hundreds of billions of dollars the U.S. is spending on bank bailouts and stimulus will cause "higher inflation and a weaker dollar," he said.

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