Yes, and some 20 years ago it was Japan that was buying up the US economy. We need not to be so focused on China but focused on our own economy and rebuilding our own house.... China will have its own problems as their slave labor camps will not endure. China has a population of about 1.35 billion people, what many Americans don't realize is that a population similar in size to the US population lives comparatively the same economic status as does the American population, but the problem that remains is that means that about 1 billion of their people live in abject poverty, earning $20 to $50 for a weeks labor, often having to live on corporate plantations... this will not continue without civil unrest as the underclass in China is very large and significant...

We just need to focus and solve our problems, and our government needs to focus on securing some international trade treaties that will insure our access to minerals and raw materials that will allow us to compete. That is where China is a threat as they have secured mineral rights that almost insure a monopoly in some areas of high tech manufacturing while our government has sat idle simply doling out unemployment benefits.