For the first time in history, a communist country is in a position to bring down global capitalism. The Chinese Communist Party, if it were to sell the $763 billion in US Treasury bonds it holds, yes that's right $763 billion! would trigger a massive devaluation in those bonds and the value of the American dollar, thereby bringing the world economy to its knees, as David so rightly pointed out. I am not saying that they are about to do this,but it is in there power although not in there interest to do so.
An often-repeated verse in China these days observes:
In 1921, only socialism could save China.
In 1978, only capitalism could save China.
In 1991, only China could save socialism.
In 2009, only China can save capitalism.
As the American budget deficit for example rattles towards $1 trillion, it is China's $2 trillion in foreign-exchange reserves that are seen as the salvation for the world economy. So Brett I would not be too worried about the Chinese ,I would be more worried about the ineffectually politicians running our country and BS there spouting to keep them and there friends out of prison. People who live in glass houses should not throw stones.