China is not driving GM out of business. If anything, China is making GM's business stronger because it is putting downward pressure on the dollar, which helps GM.
And a trade deficit is not a "bill." They are accumulating our dollars. The only thing they can do to make this "bill" come due, is they can stop accumulating our dollars, and start spending them. And that's what you want them to do anyway, isn't it?
A'hem. They have accumulated, as you say, a $600 billion stash. So why haven't they spent them YET??? What are they WAITING for? And aren't you a little concerned that when the Chinese Premier comes to the U.S. to lecture us about trade competition (they comfortably behind their tariff walls, and government-controlled communist economy) there is a lack of media coverage on the hypocrisy? And just what did he say that we could possibly interest them in to spend those dollars? Our advanced defense technology. That's it. They want us to let go of the last thing keeping us secure. Surprise.