I think that most economists and western politicians fail to realize is China has nothing to lose. China is still a communist country run by political cronies who do not have voters to answer too. If the Chinese government decides they have an axe to grind with the US then I hardly think they give a damn about the economic consequences from the west. Their people will still grow rice to eat and the top dogs in the government will still live in luxury. JMHO

"But most analysts don't expect China to liquidate its holdings of U.S. government securities any time soon. In December it still owned $755-billion worth of U.S. government debt, which remains one of the world's safest and most liquid investments. And in many ways, China's economic fortunes are tied to the United States – the largest customer for its manufactured goods and a safe place to park some of its swollen foreign reserves."

Shepp