The Chinese government and industrialists were willing to take losses for years in order to destroy US industry. A good investment for them, ultimately.
Now they are willing to take losses in order to own US land and insert thousands of Chinese here, very near to our country’s capital. I would not bet on it being a foolish investment.
Sorry. I lived through the Japan panic and see similarities here. China is a house of cards. While they run around showing off with their cash, the internal country is at a breaking point. You have these hugely wealthy cities surrounded by desperately poor people who are starting to figure out what is going on. China is constructing big cities that are ghost towns just to make busy work for their people. More Western Culture is seeping in than they can control. I will reserve judgement over whether they are taking over the US.