"They are just not that powerful yet. 'Yet' being the operative word here."
I don't know about the mechanics of economics, but my spider sense tells me that the Chicoms will bleed us of wealth and tech till the spigot shows signs of drying up. Then make a move.
Today's news.
"Japanese Finance Minister Sadakazu Tanigaki later said the remarks don't mean the government plans to change its asset mix. Japan is the largest overseas holder of U.S. Treasuries, owning a total of $711.8 billion as of December.
China's central bank cut the share of its currency reserves held in dollars and raised its holdings of euros, according to a report by Lehman Brothers Holdings Inc. China is the second- largest foreign holder of Treasuries. It slowed its purchases of the securities in the last three months of 2004. "