Originally posted by The Telegraph
Make sure you understand the attached, it indicates a major shift in the power structure of the world. You've suspected for some time that decades of deficit spending by the US government would have a cost, and all that time China has been buying US debt. So here is the new status quo: China is now an economic superpower in a position to dictate US economic foreign policy. It will be so until the US government repays trillions of outstanding government bonds.
I'm sure Congress will start working on that real soon.