and that's why you never sell out to another country. They OWN you. How's it feel shopkeepers? You are about to bite the bullet.

Hail to China!
Other countries may follow.

Thank you Clinton. Thank you Walmart. Thank you JCPenneys, Belks, et al. Like we didn't see this one coming. How can the gubment be so shortsighted?

This makes absolutely no sense to me. We could crash the economy of China without batting an eye. What do they have to gain except exerting short-term political pressure.

As has been said before- Without it's biggest customer, the U.S. CHina would fold up like a house of cards as well. So it may very well be sabre rattling at best.

You seem to be forgetting that the growing consumer market is...China, so as more Chinese become consumers of their own products, they less they need the American consumer base. Its also a way to pressure back the U.S. for insisting that they change their currency policy, which they see as one of their sources of their success.

The spending per capita of the U.S. and China is not even close. When millions of people in China don't even own an auto, you cannot compare the buying power of the 2 countries. While China has experienced alot of growth, most of that has been in the form of exports. Wal Mart alone basically supports Chinas mfg growth.

That is true, today. But if the current trends hold in Asia (both in China and India) as well as Europe and in South America (among MercoSur members), that may not be the case forever.

This is posturing by both sides, in a word wide integrated economy, neither China or the U.S. can afford to play hardball, to much to loose, to little to gain,and besides the capital markets hate to see anyone rocking the boat and are quick to punish anyone that does.

While The REAL Napster and willhelm may be right ... still, it wouldn't be the first time a rising global power did something that looked suicidal for the sake of national pride.

My dollar got totalled

Im in urz ntl bank grabbing ur bonds.

Fun aside. The US wants China to let the yuan rise to a higher (and truer free market wise) value against esp. the dollar.
This will hurt Chinese exports so they wont do that. Instead they buy up US bonds strengthening the dollar. This is like putting the money in the (a foreign) bank because they make more money that they can spend expanding at home.
If they were to crash the US dollar the yuan would rise against the dollar as the US originally wanted.
So it seems China wont do that.
That being said the US has sold out to China and are right to worry about the economic problems this may pose in the future.
And no Willy, the US cant crash the Chinese economy without wrecking that of the US and the rest of the industrialized world.

The US may "crash" the Chinese economy but China still owns a huge chunk of bonds and is sitting on an ever mounting stockpile of reserves. They look pretty safe to me!

Won't happen. It is an interesting threat, but to collapse the dollar, they would need to collapse themselves as well. With the 2008 Olympics on the horizon - it just won't happen and is just chatter.

China is actually converting their currency. Here in the US. Obvious in the real estate market. They're buying up huge chunks of properties all over the US. They're here! Or at least the smart ones are.