Will China own America when the economic crisis is over?

BSherman asked: China keeps buying billions in US Treasury bonds. So what happens when China comes to collect all of the money that America owes it?

Should we just buy everything we need from China?

corporal_billy_graham asked: Almost everything that any American would ever need is made in China and can be bought very cheap at WalMart or some similar place.
So why complain that American jobs are going overseas?
Even if we all end up working menial service jobs, we could still afford to buy stuff at WalMart.
I bought a set [...]

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