Great points Ray!
Ray,
I think the Chinese are just concerned over the size of the spending and what it’ll do to US Treasury bonds. They could also be concerned about the potential negative implications for the US dollar as well. With the Federal Reserve printing money at an unbelievable clip, investors in US dollars may begin to get very nervous.
The question you may also be hinting at is this: will the Chinese exert influence over foreign policy as well as domestic policy due to their holdings of US debt……I hope not or we’re all in trouble.