The Chinese hold so much of our debt that our elites have to tread lightly.
The real question is why we've allowed these trade deficits to run into the tens of billions of dollars per MONTH year after year so that China and Japan hold a financial sword of Damocles over our collective head.
The $64,000 question is why our fellow Americans care so little about the health of their own economy and the future of their children that they've allowed the gutting of America's industry, the destruction of our public educational system, and the subsidizing tyranny in China and Mexico by forcing our workers to compete on par with third world coolies.
The $1,000,000 question is whose interests all of this ultimately serves.
Regretably, most of our countrymen are too lobotomized by cheap beer and football to put two thoughts together about that or anything else.
China is indeed the rising power. They will eclipse America this century. They've learned how to combine political repression with free markets from Lee Kuan Yu. The Chinese are smart, technically savvy, and politically very compliant (for historical reasons).
Meet the new boss.