Yes with factories and billions of dollars provided by US investors, while the Chinese kept their yuan artificially pegged to the dollar 8 to one. So how much do we really owe them? What authority can legitimately decide what fiat money is really worth?(the arbitration of open war-fare perhaps?) How many trillions of dollars worth of RandD have they stolen from us?
The Econuts are about to experience a huge shock since the only true way we will be able to pay our debts is to rebuild domestic factories to produce high quality goods and commodities to be sold domestically and abroad. Oil fields and coal mines will be demanded of us to be re-opened by the Chinese to be sold to them to repay our debt. Perhaps our dollar will be so devalued that we’ll peg 8 of our dollars to one of their yuan!
The debt is in dollars. That's what they'll get in payment. If they want to take those dollars and buy our oil and coal, good for them.