The author’s observations on tactics and technology appear to be right on but I’m having a difficult time with the strategic interest of the Chinese that would cause them to attack the US with missiles aimed at our seapower assets. If they really want the US to bend to their will, then they would stop loaning us money. The difficulty in that is we would then stop buying their ChinaMart crap so there is no percentage in using their debt-missile weapon anymore than a sea-skimmer cruise missile to take out a carrier.
Reduced demand for Treasurys would drive up U.S. interest rates, probably pushing down home prices even more than they’ve already fallen, and also could start a run on the dollar.