China way overbuilt
Here is an article which gives reasons to expect China's economy to have a severe down turn.
One thing the author questions is how a Chinese collapse would affect their ability to buy US debt and he suggests they would be able to buy any more.
I can't see this going anywhere but to get very, very ugly. I have been expecting interest rates to go up, and they haven't and I think the world wide government spending has something to do with that. Governments do not have the capacity to keep this up for much long and all they have done is increased the problem, which is the burden of debt.